The good news: if you're young, you'll get higher start salaries in IT jobs. Young IT workers are much sought after by the industry and there's a 5% salary increase over last year's level (average salary of $53,051 this year).

The bad news: if you're in the middle of your career, chances are high to get outsourced or laid off. The same companies who moan that there are too few experienced IT forces are demanding for young people and relatively cheap foreign workers. Since companies are not interested in constant training and retaining of incumbent workers, young people have to bring in knowledge and 'flexibility'. (What happened to life-long learning? Oh, it's privatized and you have to pay your exams by yourself, I see.)

Even worse, if you belong to these demanded young people: some day, you'll get (too) old, too! (Source. The article describes the status quo in the US, but I guess the underlying phenomenon is international.)