It's also bad news for employers in your country, because they're losing top talent like yourself to deep pocketed American companies.
We've been saying that for 30 years.
In the end, the demand for engineers is much bigger than we think. And if price of engineers goes down just a little bit, more projects will become feasible, so demand will go up.
So, if anything we might see wages grow less aggressively, long before they stall, and wages will stall long before they go down.
Who knows how long the party will last, but odds are it's longer than nmy career.
(Unless a bubble blows up SV tomorrow, hehe)
(FWIW, I don't really have a horse in this race; my skillset is unique enough that everyone who competes with me for jobs qualifies for special visas and there's a 10:1 or maybe even 100:1 labor shortage with a 6+ year ramp-up time. But I've worked with off-shore talent and seen the comps... my general impression is that Americans over-estimate the cost of living in the cheapest parts of our country and MASSIVELY under-estimate the cost of living in urban cores of other countries)
- Adam Smith, 1776.