unless you mean that the quality of domestic workers is declining, which i'd agree in most things (tho for some things like software i think still has a chance)
Why would this equalize? As long as software companies make huge profits and have growth capability which the top ones clearly do, what change would make this happen?
I don't buy this at all, this narrative feels like pure cope to me. The skill ceiling for working with AI tooling is not that high (far lower than when everyone had to write all their code by hand, unquestionably). To me it seems far more likely that software engineering will become commoditized.
I'm sure everyone posting about the supposed K graph believes that they're on the valuable side of it, naturally.
They also, unlike a lot of their cohorts in FAANG, don't have a significant engineering presence in India and it hasn't rapidly grown since COVID either.
US dev salaries are so much higher than the rest of the world that basically you could hire anywhere in Europe and still save most of the cost per person.
You could go to LATAM if you want the same timezone.
On the corollary, salaries of capable Indian developers have certainly caught up to most Western countries, so that you wont be saving much per person.
The humiliation of all of the disastrous failures has been lost to history and PMC are once again bullish about their cost cutting genius.
Seen in foreign workers remote driving ai cars, foreign workers training ai robots, etc etc