patrick.net

I don't see anyway the income of these Chinese/Indians couples trippled since 2000. So it purely a bubble. It would have been that way even without Chinese/Indians in Cupertino.

bubblesitter says

I don’t see anyway the income of these Chinese/Indians couples trippled since 2000.

If history is any indication of overpaid employees in tech, as in out of control spending. It will as usual result in a hard pull back. As such we seen that happen around SV many times over.
HP when they hired Mark Hurd, or Yahoo hired Carol Bartz, resulted in cost cutting that was pretty brutal for some. I know of a few who havent regained their prior income levels or equal position. We also saw Intel cut over 1000 mid level positions, and currently will see Cisco do the same.

No! it certainly does not jive with what is actually happening in the real world since 2000.

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