In Europe all I have seen is wages going down over the last 10 - 15 years. Admittedly I only started taking notice during the dot com boom, but I get the impression they were better before that.

The other thing I notice is that I personally manage a database that would have taken three of four people ten years ago. We have loads more frameworks and libraries that make the task manageable. I use Django, whereas ten years ago, the stuff done by Django would likely be done with in house libraries, so needed more people. Also I think many of the problems are "solved", we have ideas about how to do things that were not as clear when the internet was staring out.