It's wonderful to see the market economy at work. There's a shortage coding talent, leading to skyrocketing compensation, leading to a greater supply of coders.

But will this greater supply reduce future compensation from levels it would have been at without the increase in supply of coders?

I don't think so. Good products and good business models generate more demand for talent. This may not be apparent on a company basis, but when one considers all of the partners required in today's business model, then it does seem possible that a greater supply won't necessarily offset today's high compenstion.

I was curious to see where enrollment was at considering the 94% job placement that NYU CS grads are now experiencing (http://www.cnn.com/video/?/video/business/2012/01/07/harlow-...)

@tryitnow, I agree, I remember the days when many were afraid that outsourcing IT jobs to India and China would have offset the rising salaries for software engineers. That hasn't factored in much for US software engineers since.