Sounds like a giant sucking sound of programming jobs departing to lower waged labors. Then higher waged laborers will need to lower their wages to compete.
Economists call that a comparative advantage and a net win.
If you’re claiming an equilibrium point will be reached, then I think the equilibrium point will be $40/hr for Senior, $30/hr for Mid, $20/hr for Junior.
I'm not so sure. Obviously, more competition means lower prices, but software has proven very resistant to that bit of conventional economic wisdom, with a few exceptions of course (namely, places with very high CoL).
Economists call that a comparative advantage and a net win.
If you’re claiming an equilibrium point will be reached, then I think the equilibrium point will be $40/hr for Senior, $30/hr for Mid, $20/hr for Junior.