There's only one way salaries go down: over-supply. Demand is super high because of 2 things: 1. Tech companies are very profitable 2. There is a lot of cash

There's only one way salaries go down: over-supply. Demand is super high because of 2 things: 1. Tech companies are very profitable 2. There is a lot of cash in the economy (thanks to QE) a lot of which got invested in big tech and startups. And supply of high quality senior engineers is not there yet. When the wave of young kids who chose to do MIT instead of Harvard Law School gets older, things should get more in line. At least that's how market theory is supposed to play out