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I don't think tech jobs are overpaid.
Microsoft just bought Skype for $8.5 Billion.
If Skype has 1000 employees, that is $8.5 million for each employee !
The problem is everyone wants to be a programmer back in the 90s.
The supply is just too high.
right.. all those employees get the same number of options and the venture capitalists get nothing. Ha
and their HQ is in Luxembourg. How that affects Bay Area real estate is beyond me
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guess where they are the concentrated : Cupertino :-)
http://www.mercurynews.com/census/ci_18046364
And 'white flight' from Cupertino:
http://www.wsjclassroomedition.com/teen/teencenter/05nov_whiteflight.htm