1- Companies will start hiring citizens and pay them higher salaries leading to shortage of skills and re-skilling of people with other skills into IT.
2- Companies decide to forgo lower NPV IT projects and invest money elsewhere. Accept products without customization. Demand for labour and wages remain close to where they are.
3- Remote work for even project management takes off. It is successful enough that wages actually fall further.
Which one is most likely or will it be a combination of three?
1- Companies will start hiring citizens and pay them higher salaries leading to shortage of skills and re-skilling of people with other skills into IT.
2- Companies decide to forgo lower NPV IT projects and invest money elsewhere. Accept products without customization. Demand for labour and wages remain close to where they are.
3- Remote work for even project management takes off. It is successful enough that wages actually fall further.
Which one is most likely or will it be a combination of three?