A new comment by John Shinal at Market Watch indicates this trend has continued through out the year and will likely continue into the new year:
It’s worth noting, because what Oracle is experiencing, and will continue to experience in 2012, also will impact every other U.S. tech company next year.What's going on here is that newly printed money tends to find its way to the capital goods sector, which includes the stock market and especially the IPO market.
In short, salary costs per worker are headed higher, both for engineers and for sales staff with technical experience. Job opportunities abound for these prospects because their skills are in strong demand, as information technology becomes an ever-more important part of strategic planning for corporations.
For tech workers who are tired of their jobs, now is the best time in years to look for a new one that pays more. Fresh data and reporting provide evidence that the booming job market in technology is gathering more steam.
“Tech is one area that’s growing and thriving across the board,” said Adriana Ganos, a principal in the software-engineering practice in the Boston office of recruiting firm Winter, Wyman. “There are opportunities for everyone right now.”
For the last six years, Ganos has been helping put together software-development teams for start-ups and for “small organizations within large [tech] enterprises,” which she declined to identify.
She described the current state of her business as “very healthy … extremely healthy,” and added that West Coast companies are now coming to Boston in search of engineering talent.
The IPO market has been a huge funding source for the tech sector. In 2011, companies raised $36.3 billion from 125 IPOs. A good chunk of that ended up in tech. Groupon, LinkedIn, Jive Software, Zillow, Pandora Media and Zynga all went public this year. Zygna, alone, raised a billion dollars. That's a huge pot from which to bid for engineers.
As Bernanke money printing continues to hit the economy, the tech sector along with oil workers are likely to be major beneficiaries, ahead of the price inflationary curve.
(Thanks2JimWaddell)
