Are dev's salaries increasing or decreasing?

Is it worth expecting that software developer salary will decrease by the end of 2024? The technological boom says “yes,” but there are still questions and clarifications in reality. If the IT market maintains its growth momentum and demand for qualified specialists remains high, the likelihood of programmers accepting lower salaries is low. If the economic situation becomes unstable due to new inventions or the job market experiences a downturn (which is unlikely as the recession is ending), programmers may lower their rates. However, expecting significant cheapening is not advisable. On the other hand, there is a clear trend towards reducing team sizes. For example, to develop a project in 2024, companies are hiring 1-2 fewer people in a team of 10. There is also a dark side to reducing teams. By refusing to raise and educate Junior Developers in another project, the market may face a significant shortage of talent in the next years. Programming, like medicine, requires a long internship, you know. Here is a great article by my colleagues at JetSoftPro, a software service: https://jetsoftpro.com/blog/are-...