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Simon,
My situation is slightly different. I made a decision to specialize in a technology that was is/was not commonly used. I’ve been using the same skillset now for 14years. I used to average at least a 20%p/a increase on my rate, so the going was good. I don’t believe that I am overpaid but in developer’s standards, my salary is higher than the norm.
My only challenge at the moment is deciding on what it is I want to do now. I’m even considering relocating overseas where the prospects in what I do, are a bit better than where I am at the moment.