2017 through to around 2020/21 was insane worldwide .. All the big co's soaked up the talent, then that sucked the air out of the market worldwide. We were getting people outside of the US headhunted from the US, which had constant ripple effects. Now it seems the rebalancing is definitely taking hold and times are a lot tougher for devs world wide.

Trying to hire in 2020-21 was impossible. You would get people between interviews get massive offers (days/week apart). 50/50 whether even after accepting the offer they'd actually turn up... If you saw someone that had a decent shot at coding you needed to hire right then and there. Reddit/HN was absolutely filled with devs making hay while the sun was shining job hopping and say things like 'if you're not getting a 30% payrise...'

Now the credit crunch has just switched the tap off. I'm about to contract out a small bit of work via one of the freelancer sites and I'm going to be very interested to see what it's like getting freelancers now....