Large-scale immigration of skilled workers allows big tech companies to access a broader pool of talent, often at lower costs. When big tech trivializes technology—by making complex skills seem more accessible or by oversimplifying the required knowledge—they can justify hiring skilled workers from countries with lower wage expectations.
Here’s how this works:
1. **Talent Supply Increase**: With more skilled workers entering the job market, especially from countries with lower living costs, the overall supply of talent increases. This can lead to a decrease in the average wage for these positions, as there is more competition among workers.
2. **Perception of Skill Value**: By trivializing tech, big tech companies can make the skills required for certain jobs appear less specialized. This creates the perception that these roles do not command higher wages, even though they require significant expertise. It allows companies to offer lower salaries under the guise that the work is easier or less valuable than it is.
3. **Global Wage Discrepancies**: Immigrant workers might accept lower wages compared to their local counterparts due to differences in the cost of living between their home country and the country they’ve immigrated to. Big tech leverages this by hiring skilled immigrants at a lower rate than they would have to pay domestic workers with similar skills.
4. **Standardization of Roles**: Trivializing technology can lead to the standardization of roles across borders. This means that a software engineer in one country can be seen as interchangeable with one from another country, irrespective of local wage standards. Companies then set wages based on the lowest common denominator.
5. **Workforce Flexibility**: With a more global and diverse talent pool, companies can operate with greater flexibility. They can shift projects or operations to regions where labor is cheaper, thus reducing costs.
This approach can lead to wage suppression in the industry and potentially devalue the profession as a whole, making it harder for workers to negotiate for higher pay, even when their skills are in demand.
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