> I doubt you'll see qualified developers seeing a salary cut anywhere near as deep as you project, because the process I describe will play out faster than nee

> I doubt you'll see qualified developers seeing a salary cut anywhere near as deep as you project, because the process I describe will play out faster than needed to inject the needed stability. In the long term, yes I agree. In the short term? No way, there should be around 5x-10x as many people in the world who would be great competition for FAANG spots who cannot do it now because of VISA and location restrictions, lift one of those and now the pool is inundated with talent the companies can do whatever they want.