This framing of "cheapening out" or "The US and other wealthy countries" is a little bit behind the curve. Tech talent physically moves frong HK to the mainland

This framing of "cheapening out" or "The US and other wealthy countries" is a little bit behind the curve. Tech talent physically moves frong HK to the mainland nowadays, The salaries in some Eastern European countries are higher than in Portugal or Spain. It's not cheapening out as much as it is diversification at this point, and give it another generation and it'll simply be people having the choice to work anywhere in the world. Companies don't just 'outsource' any more but primary want a presence and access to incredibly large markets with domestic talent.