Software developer salaries are still extremely high in the US. So I would doubt that this has had a huge effect.

I'm not sure they actually are extremely high. It's just that most other salaries have fallen below what we'd normally consider middle class.

Stated another way, the things that software engineers can do with their wealth generally seem like normal middle class things. They can own a home but they can't afford a yacht. They can take nice vacations but they aren't part of the jet set. They can start businesses but generally not in capital intensive areas like resource extraction or heavy industry.

I'd say that software engineers, at least the higher paid ones, are probably on the higher side of middle class; but they are still solidly middle class.

The median is like 140k. Is that extremely high? I know some cops who make more.

I'm writing this reply not to the lazy commenter, but to anyone reading this thread...

Yet again, we have classic HN speculation masquerading as authority.

Should software developer salaries be comparable to accountants or to surgeons? That's an arbitrary value judgment.

Software engineers have less purchasing power than they would without the H-1B visa program, and that's indisputable. 64% of the visas go to IT workers and 52% go specifically to programmers, which implies beyond all shadow of a doubt that their salaries decrease further than the cost of the goods and services they pay for.

https://www.uscis.gov/sites/default/files/document/reports/o...

It's all there, black and white, clear as crystal. You get nothing. You lose. Good day, sir!

This also impacts non-software tech: see recent layoffs statistics at Intel, what percentage are H1B and why aren't companies required to re-prove H1B necessity? Can we just over-hire and claim we need H1Bs because we can't find enough talent to fill the rolls, then submit that we over-hired and lay off all the US talent? This seems to be a bit of what happens even if not intentionally.