I disagree completely. I think there are really two markets for dev jobs: the startup economy which is over-inflated but also exists in a smaller high COL location, and everyone else which had lower COL and wages to begin with and likely won&#x27;t see much of a drop in wages due to the fact that their company needs those services to function efficiently.<p>You can argue that the drop in employment in startup land may see some movement outside the bay area and into boring lower paid dev jobs, but I doubt that it will be more than a small blip.<p>TL;DR: If you&#x27;re at a start up the good times might be over. If you&#x27;re not, don&#x27;t expect much change (maybe less likely to see a pay rise). If you&#x27;re just coming out of Uni and into the job market, you may see interesting times.