Supply and demand... there is A LOT of work out there right now. Many large 
companies are transforming to Web 2.0 or just evolving to become more targeted 
and efficient which requires more seasoned talent. (Versus Dot Coms chasing VC 
money and just filling seats...) Most companies today that were around during 
the boom (and survived the crash) are now bigger than they were during the boom 
and growing fast... they don't have time to grow people from scratch.  

As demand increase, so too will compensation... until it gets high enough for 
people to be headhunted, afford to relocate, or brains drain in from related 
fields.

And then later on it will slow down (or bust) and the cycle continues...

-Andrew


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