A nervous startup founder once confided in me that he just signed a compensation package for a software developer that was twice as rich as his own. The narrative of the pricey tech team is now in the popular imagination. Recent data show that narrative may be outdated.

To many, growth in tech salaries, especially among coveted engineers, has appeared to be nothing short of unrelenting for the last 20 years. For one, salaries have proven fairly recession proof since the 1990s. As software eats the world, the supply of experienced engineers hasn’t kept apace. READ MORE