It's not about making it "easier" to hire top quality people, but cheaper. Easier would imply that companies such as Google, Apple, and Intel are simply unable

It's not about making it "easier" to hire top quality people, but cheaper. Easier would imply that companies such as Google, Apple, and Intel are simply unable to hire enough top quality engineers. That's clearly false. It might also suggest that the engineers that they have are insufficiently skilled - again something I see no evidence for at all. But we are certainly at the equilibrium where supply and demand are in a nice balance. This is unlike most other fields where labor supply has greatly outpaced demand in part due to college becoming as typical as high school. And because of this engineers at these companies are in positions of unprecedented privilege. They can actively try to influence corporate policy, demand wages that in many cases are in the hundreds of thousands of dollars, and so on. The idea of increasing the supply is to bring the equilibrium in line with most other industries which is where labor supply generally greatly outpaces business demand. This not only helps drive wages down, but also enables companies greater control over their employee. For instance in tech there is massive turnover. Since employees are in high demand, they can and do job hop much to their own benefit. When employees are less in demand a job becomes more sacred which increases employee "loyalty" giving the company more power to do as they see fit. As but one example employees are going to be less inclined to object to dubious corporate behavior, which has become a running theme at Google, when said employees attach an extremely high value to their job. What would happen however is that no-name shops who can't offer all that much would be able to hire top quality people. And while that's good for them, I see this no better than the current state of the job market where it's increasingly common to see that the guy serving your coffee has a college degree, and the mountain of debt that entails. Labor oversupply benefits companies and hurts employees. In a 'big picture' view, this is probably a good thing since marginalizing labor means more companies can grow and compete which benefits everybody in the longrun. But from the perspective of labor, it's obviously not a good thing.