When I finished my degree in Spain 15 years ago, programmers weren't a well paid or well regarded job. In fact I used to live paycheck to paycheck (making less than some of my friends in non-tech jobs), and programming was considered "for nerds".<p>I think this didn't change much for the following decade, but COVID turned the tables. Suddenly Spanish programmers could take jobs for global companies for very competitive salaries. I've heard of people making 70-80k euros working from home, which is more than 2x the average national. Recently someone told me that when they offered a Spanish programmer a job for 100k USD, she started crying.<p>So the "correction" that we are seeing seems more like a logical consequence of the contracting job market, plus the move away from remote work for many companies. It seems more like a correction than a crisis.