I think the best way to address everyone's concerns is to do a trustworthy study (trusted by both management and engineers) on the effects of opening the doors

I think the best way to address everyone's concerns is to do a trustworthy study (trusted by both management and engineers) on the effects of opening the doors under different scenarios. How does the situation play out from everyone's perspective? If we open the doors too fast, do we get a huge drop in wages, everyone loses their houses, and students flee from tech education? Is there a rebound after N years? If we open the doors slower, are we able to maintain wages at their current level? After how many years have we fully absorbed the talent and / or the effects of importing more talent start to ADD to the compensation of current workers, based on the improved tech ecosystem? So, who can provide a model of what would happen at 3 month to 1 year intervals (I'd prefer shorter) in terms of salaries and rent, going out lets say 10-20 years? Also, maintaining wages at their current level may not be a good thing. It seems that they've been suppressed lately and so we'd be maintaining them at a suppressed level, but this is just to start the discussion.