Earlier quoted context omitted.
>To prime your intuition a bit, consider how woman and minorities more than doubled the work force from the 1960s to 1990s with no loss in jobs or lowering of wages. You do realize there hasn't been a raise in real wages since the 70s when you account for inflation right? Coincidentally during that same time period the income gap exploded because the wealthy had plentiful cheap labor and were able to pocket the produ…
By this logic, any increase in productivity is bad because it reduces labor scarcity. That's just not how it works. > if we dropped 10 million software engineers in Silicon Valley from around the world, guess what? Guess what, we'd get a lot more overseas clients as they wrestled with the labor shortage abroad. (Although, the real problem would be the humanitarian crisis in housing 10m more in SV overnight, ha)
India produces more than 20 million undergrads every year. I don't think 10 million will make a dent in developers supply in India.