Earlier quoted context omitted.
Ha! That's an amusing interpretation of how supply and demand interact to find an equilibrium price/quantity point. A typical Econ 101 textbook says: higher demand --> higher price higher price --> higher supply higher supply --> lower price lower price --> higher demand In Econ 101 we pretend that cycle eventually reaches an equilibrium. In grad school we analyze the dynamics. But even if we believed your demand cau…
Yes and if you've actually paid attention you will see that a high salary signals other workers to flood the market with a lower salary thus starting the race to the bottom :) Programmers have largely driven themselves to zero, just take a look at the workers on freelance websites and how much difficulty a native English speaking freelancer has against an army of commoditized labor. There are still six digit earning…
I'm a freelancer and fully booked, so maybe those low cost competitors aren't so competitive after all.