I think because labor is a market and markets are driven by supply. If there’s millions of programmers, wages will be lower. Just basic, hundreds of years old

I think because labor is a market and markets are driven by supply. If there’s millions of programmers, wages will be lower. Just basic, hundreds of years old thinking from Smith’s Law of Supply and Demand [0]. There’s likely lots of specific reasons but they all boil down to some form of supply and demand. [0] https://www.investopedia.com/terms/l/law-of-supply-demand.asp https://www.investopedia.com/terms/l/law-of-supply-demand.as...