> At a lower average compensation rate too, most likely.
highly doubt it. The labor force is shrinking. There's already a dearth of talented software devs. And then there will be huge upward pressure on wages from lower level jobs that now have to pay 20$ an hour to get workers.
People have been saying that for 50 years and it hasn’t happened in the US. Upward pressure on wages will result in interest rate increases to manufacture unemployment and keep wages down.
