Comment by colmmacc
15 hours ago
Completely open borders migration between all countries would be the biggest such market correction. If every development job was open to every qualified developer in the world, I suspect software salaries in the US would be much lower.
But they would still be higher than a chemist's salary. This has nothing to do with open borders. If you use money as a proxy, some professions will come out ahead. That's just market dynamics. The only way to avoid that is to create carve outs or normalization by profession.
I don't see how you get there. It's harder to move chemistry work than simple laptop use so chemists in the US would have less pay equalization than developers.
Why should we work to lower salaries in professions where we agree the salary is already depressed enough to lose new entrants to an easier and higher paying profession? (I think I can say this since I'm a lazy STEM drop out developer who makes more than twice what I estimated for my preferred path that I also found more challenging.)