If the idea is that BigCo's who desperately need programmers are throwing cash at people in an attempt to get them, then what the OP is describing as a bubble is just a massively inefficient fad recruiting technique.
There is absolutely no reason why so many non-programmers should be getting so rich helping programmers find jobs at BigCo's. Strictly speaking the economy might demand this sort of money with this recruitment technique so economically it might be sound, but it seems to me there is a good deal of room here for disruption....
This isn't a problem with hiring. For crying out loud, the founders of these companies aren't looking for jobs, they're founding companies. Larger companies are drooling over their customers, their products, and their people. There is a big difference.
There is absolutely no reason why so many non-programmers should be getting so rich helping programmers find jobs at BigCo's. Strictly speaking the economy might demand this sort of money with this recruitment technique so economically it might be sound, but it seems to me there is a good deal of room here for disruption....