Bubbles happen when prices are much higher than the actual value. Usually they're propped up by someone trying to resell the thing to a higher buyer, or package it as an investment.
Real estate bubble is visible when the apartment ads say "good ROI" instead of "nice place to live". Crypto bubbles appear when people are talking about market cap more than they use it.
But right now programming is in an optimal situation. It's hard to do, making supply low. Demand is very high; while we have all kinds of startups there are more to do. That creates high prices. IIRC FAANG makes about $400k per employee. In those situations paying $200k for a senior is far more sustainable than other tech fields which operate at a much smaller margin.
Real estate bubble is visible when the apartment ads say "good ROI" instead of "nice place to live". Crypto bubbles appear when people are talking about market cap more than they use it.
But right now programming is in an optimal situation. It's hard to do, making supply low. Demand is very high; while we have all kinds of startups there are more to do. That creates high prices. IIRC FAANG makes about $400k per employee. In those situations paying $200k for a senior is far more sustainable than other tech fields which operate at a much smaller margin.