No. This is simply supply and demand. The more workers available for positions, especially ones who are willing to work for less impacts the supply and prices

No. This is simply supply and demand. The more workers available for positions, especially ones who are willing to work for less impacts the supply and prices I can charge for my work go down. Management isn't going to give me a raise because they saved a buck on someone else. In fact, they're more likely to try and find a way to get rid of me and replace me with someone who charges less.