>Those "millions" of programmers had work in their own countries I presume. Long before a small fraction of these "millions" get around to leaving and moving to the west, the market would have stabilized a bit.
There was a poll recently that estimated about 30 million people from India and China alone want to move to the US permanently (the number of people willing to relocate temporarily is much higher).
Even with depressed wages, developed countries have many quality of life benefits that will immediately attract many more people than you seem to think. Yes millions may be a bit hyperbolic for your own country, but for US that's likely accurate.
>Wages would raise there as the supply drops below demand.
Wages would likely not rise there because a huge fraction of software created in developing countries is done as outsourced work from developed countries. The demand for offshore work will dry up as wages drop in developed countries. That will encourage even more workers to immigrate to developed countries.
>Long before a small fraction of these "millions" get around to leaving and moving to the west, the market would have stabilized a bit.
You have no evidence for this. It's just wishful thinking.
>Eventually we will see "millions" of western developers taking a small paycut to move to Romania or Maruitius or wherever for lifestyle reasons.
How long is eventually? There's no way to know, it could be decades before labor markets stabilize.
>I hope someone will come here to replace my job for much cheaper, I am sick of it.
That makes no sense. Why don't you just quit?