Earlier quoted context omitted.
That sounds like a dangerous bet.
As I see it, it's actually the only safe bet. Case 1: you keep training engineers. Case 1.1: AGI soon, you don't need juniors or seniors besides a very few. You cost yourself a ton of money that competitors can reinvest into R&D, use to undercut your prices, or return to keep their investors happy. Case 1.2: No AGI. Wages rise, a lot. You must remain in line with that to avoid losing those engineers you trained. Case…
No you don't. Most engineers are shy, conflict-averse, and hate change. You can keep underpaying them and most of them will stay.