It's not a closed system with a fixed number of employees. They overpay for labor, which encourages more engineers to go into the field, which increases supply. Never underestimate the elasticity of supply.
Sorry but you're not going to convince me that high wages are a bad thing.
>Sorry but you're not going to convince me that high wages are a bad thing.
that's like saying all movies on demand for one subscription is a bad thing. It isn't... until it creeps into being a bad thing.
The high wages were the attractive bailey no one can argue with and we're seeing the motte rear its ugly head in a time where they are nigh impossible to compete with. I don't think "encouraging more engineers" is a good mechanism to encourage a monopoly.
Sorry but you're not going to convince me that high wages are a bad thing.