The question here: Where are those people going? Are they finding other jobs in their field? Are they sill unemployed? Moved to other jobs outside of tech?
My best guess is that they are leaving the country if they can. I doubt people used to these salaries are willing to work three jobs for 100 hours a week like blue collar people.
The question here: Where are those people going? Are they finding other jobs in their field? Are they sill unemployed? Moved to other jobs outside of tech?
To India to get same job for 20% wage.
My best guess is that they are leaving the country if they can. I doubt people used to these salaries are willing to work three jobs for 100 hours a week like blue collar people.
To be clear, these numbers are worldwide, not just in the US.