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It's 100k per person per year. And I am ecstatic.

It is not, and don't be. If you were not previously qualified you won't suddenly be. The job will simply migrate overseas.

I don't have to be qualified for every job for this to have an effect on wages. A surplus of labor has allowed companies to be extremely selective during the interview process, while putting downward pressure on wages.

Moving jobs offshore is already cheaper and has been for decades. There's a reason it's seen as a dead end / ktlo.

This change is a big win for all American tech workers.

It is not a win unless you are talking about IT jobs. For silicon valley type jobs, silicon valley is silicon valley because it is where top tech people congregate. If it loses that status then talent and venture capitalists will find another place to congregate, for example Vancouver BC. It won't happen overnight, but even a slow migration is bad news.

https://www.forbes.com/sites/johntamny/2024/09/16/the-micros...

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