Post the dot-com crash, a lot of people (both techies and non-techies) felt that tech was not a stable career. However, when Facebook didn't want to collude wit

Post the dot-com crash, a lot of people (both techies and non-techies) felt that tech was not a stable career. However, when Facebook didn't want to collude with big tech companies about salaries, salaries have become skyrocketed (as a secondary consequence, Bay Area home prices have gone through the roof). When new grads can make $250K a year, that's when many felt that tech is a great career--be it a software engineer, program manager, strategy, etc. Top tier Ivies used to go to Consulting, IB, PE and VC. Now, Big tech also takes a chunk of people from top Ivies. That tells you that getting a PM role at Google is as good as joining as an analyst at JPMC/GS. Maybe, layoffs during this cycle will prick that bubble that tech career is stable and leads to high payouts.