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Considering that a wage of $32k/yr puts you in the top 1% of the world, I don't think companies will have this opposite problem of no supply.
by bduerst 9y ago
Considering that a wage of $32k/yr puts you in the top 1% of the world, I don't think companies will have this opposite problem of no supply.
- ivan_gammel 9y agoInsufficient supply is exactly the case with skilled workforce and the reason visa programs like H1B and European BlueCard exist at all. The wage auction that will close the bodyshop loopholes will shift the supply from importing the cheap workforce to importing more skilled people and there, in the higher salary ranges, it may depress wages a bit. But, frankly speaking, I would not care about a dev who earns $150k in some tech company in the Valley if his salary will be closer to $80-$100k because of the free market. Those money could be better invested or spent on taxes.
- bduerst 9y agoInsufficient local supply is why the programs exist, not international supply. If international supply was insufficient then the programs wouldn't exist.