When skilled labor is turned into a commodity through regulatory capture, it unfortunately bids down the opportunity cost of a labor sector. Global minimums are

When skilled labor is turned into a commodity through regulatory capture, it unfortunately bids down the opportunity cost of a labor sector. Global minimums are natural as western businesses forgo ownership, in exchange for foreign authoritarian or subsidized labor pools. The fruit of outsourcing tastes rotten, but people still love their iPhones. ;) How about people use some of that STEM money to train thousands of new CEOs and Fund managers. This would drive down the relative top wages, create more competition, and increase tax revenue.