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>because talent is increasing in quality at a fraction of price compared

Funny that this didn't get much discussion than I thought this would. Would this mean that developers living in high-priced areas in North America would just need govt assistance since their salary would not be able to meet cost of living?

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No, if the market wage fell below the cost of living in SF, the developers would have to move out. Just like every other profession.

So if the market wage fell below the cost of living everywhere in US and Canada, then we would all move out to latin america or any other country with a lower cost of living, thereby a lower standard of living. Got it.

This is obviously a far fetched scenario you're concocting, but yes, if the market wage for your labor completely crashes, then your standard of living will decrease, obviously. Software development is not unusual in this regard.

Or we just unionize.

> Would this mean that developers living in high-priced areas in North America would just need govt assistance since their salary would not be able to meet cost of living?

What do you think is fueling the high cost of living where developers are concentrated in North America?

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