Stop worrying about your wages! Your job will eventually be automated away. A basic income is sure to protect you.
Not everyone lives in a tech hub of the country.
An unplanned, unsustainable, and uncommitted allowance provided to you by a group of people that seek power and do not share your interests will meet all of your future needs.
So what is the exact dollar amount one has to make before they no longer are allowed to worry about whether or not they'll have a job?
"A basic income is sure to protect you."
Given the current political climate in the US, I can only say bullshit.
Replace "developer" with any other profession to convince yourself.
Increasing the skill supply is the right thing to do if you're Google stakeholder, or broadly speaking, a capitalist. It's much more questionable if you're in the labor force.
Google should pay high salaries. The market will supply the skilled workers when the salaries are high enough to attract more workers.
(Google does pay high salaries. If they want more skilled workers, raising their salaries is the most efficient way to get that outcome.)
The AMA is responsible for maximum doctor quotas that drive up the cost of healthcare.
The AMAs decision to artificially increase the cost of Healthcare literally kills people.
I don't know how much a piano teacher costs, but I know it's the right amount because that's the equilibrium.
A more efficient allocation of resources would look like getting rid of 'too big to fail' banks and decreasing the rent that the finance industry extracts.
And, more importantly, why should I care if it's an "efficient allocation of resources" when the alternative is that I no longer get a decent wage?
My intuition is that the Pareto optional solution is one where nearly everyone is proficient in engineering. I see engineering as the new reading/writing. I think an engineering literate society would be more valuable and stable than our current society is.
Otherwise be a programmer.
1. H1Bs in "tech" do not affect salaries of those not on H1B so it is irrelevant that there are those who come to the US on H1B and make $35-50k/year in tech because it does not affect the market for $80k-250k/year jobs i.e. Old Navy, Gap and Banana Republic are totally different markets, Old Navy's $10 t-shirts and $25 jeans does not move upmarket and cannibalize GAP's $30 T-shirt and $80 jeans which in turn does not cannibalize BR's $120 T-shirts and $200 jeans - ask whoever shops for clothes in your family.
If that's the case, we should applaud Google generating more $35-50k/year tech workers and we all should be baffled by those complaining about H1B tech imports (the number of them is rather low compared to the number of 35k-50k workers training programs would generate so if we need those workers before we train ours we should lift the caps on H1Bs)
2. H1Bs in "tech" does affect salaries of those not on H1B because it eats into the market market for $80k-250k/year jobs. In which case having a flood of $35k-50k/year workers is a problem regardless if they are coming in on H1B or from ITT Tech/GoogleJobsTrainingSchool.
I would suggest we should really pick one and be consistent.
This can be seen through how companies sponsor hackathons, the courses they create on websites like udacity and so on.
Maybe some of these grants can go towards retraining existing engineers who need to acquire new skills.
I never understood growth for the sake of growth mentality. Isn't that what's killing the planet, broadly speaking?
My main point is trying to stem the demand for more workers, whether H1Bs or American citizens, is futile. And even if somehow American firms stopped demanding more tech workers, firms abroad will be as well. So why not try to train more people to become workers?