Before the pandemic upended everything, software developer salaries were continuing their inexorable rise. General software engineering roles, as defined by the tech hiring platform Hired, saw average salaries across the US rise to $146,000 in 2019 from $139,000 in 2018.

Now, in a jobs market where tens of millions of Americans have filed unemployment claims during the pandemic, salaries may start to level off. With a downturn looming, many CIOs will be looking to retain their talent at the same salary going into 2021, as finance teams pump the brakes on budgets.

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