This is exactly right and something that my fellow American Millennials can't seem to grasp. I do business in many different developing countries where a good

This is exactly right and something that my fellow American Millennials can't seem to grasp. I do business in many different developing countries where a good wage even for skilled programmers is less than 10% of a normal silicon valley wage. It really is the whole world competing for information jobs these days and while it will eventually level out, it's bound to cause wage depression in already developed countries.