This is especially interesting given that Americans used to mock nerds in pop culture and in schools.
A trajectory question that always puzzles me is how fast can we really supply software engineers. Is software engineering like other ordinary white-collar jobs where supply is as elastic as it can be, or software engineering is like math that requires a peculiar personality and certain talent? I draw this question from personal observation, so it's definitely not scientific: China has been big on math education. Math whiz kids are honed like superheroes in China. Teachers and parents put great pressure on students to excel at maths. Yet in the end, only a small percentage of students can truly learn high-school math or entry-level college math. If software engineering is like math, then the supply will stay tight until the demand drops, and techies will continue enjoying good pay after the recession.