Is developer compensation becoming bimodal? http://danluu.com/bimodal-compensation/ … Also, why does programming pay so well?
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Why does it take a decade for CS enrollment to recover after a downturn? https://cs.stanford.edu/people/eroberts/CSCapacity.pdf … Also, is this part of the reason programmers are so well paid today?pic.twitter.com/O9cQoAKZXf
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During the early 2000s there was a recession, however the graph shows a boom. therefore it doesn't automatically correlate with the economy, doesn't it?
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Assuming a bachelor's degree takes four years, the students graduating in 2004 would have entered in 2000, right as the bubble was collapsing.
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Having been in that second peak, my peers were largely there because the dotcom boom making anything IT hugely lucrative. We arrived into a saturated market. With the gap between degree entry to award I suspect the supply will lag demand by at least that plus some feedback time.
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Specifically my cohort found that the market was picking up, after a few years our career prospects were looking better. I assume the next wave saw this and the new class sizes grew to meet that percieved demand. Microsoft was the success story for my class, Google for the next.
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You can model oscillating population dynamics in a predator-prey system with differential equations in Stan! ;) http://mc-stan.org/users/documentation/case-studies/lotka-volterra-predator-prey.html …
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