It would only be a bubble if there is some conceivable chain of events where suddenly companies would want less programming than what they currently pay for. Th

It would only be a bubble if there is some conceivable chain of events where suddenly companies would want less programming than what they currently pay for. That's just not going to happen barring a literal collapse of the internet. That said, average programmer compensation is inevitably going to go down as more and more programmers enter the workforce (though the high-end salaries are going to continue to go up, as exceptional programmers become rarer the more juniors enter the market).