Not to say your central point is wrong, but this characterization can apply to many industries outside of tech. You're right that supply responds to demand, bu

Not to say your central point is wrong, but this characterization can apply to many industries outside of tech. You're right that supply responds to demand, but putting that aside there can and will be macro trends in the long term. Will the venture capital frenzy remain forever? Will top firms stock values grow exponentially forever? These questions will have a material effect on engineer salary in the long run