Incentives only work on low-skilled labor that is quantifiable. Eg. more money for flipping more burgers. It is not a settled science paying people a lot more will automagically solve problems. People crave Autonomy, Mastery & Purpose: https://www.youtube.com/watch?v=rbR2V1UeB_A
What is definitely going to happen is you will attract the cowboys who have convinced themselves and can convince you to pay top dollar. They will come up with lets do kubernetes + service-mesh + multi-cloud hybrid + blockchain + crypto + AI/MI on this COBOL ... They will take top dollar, make a bigger pile of mess, sell it as a success story and move on make bigger messes.
What is definitely going to happen is you will attract the cowboys who have convinced themselves and can convince you to pay top dollar. They will come up with lets do kubernetes + service-mesh + multi-cloud hybrid + blockchain + crypto + AI/MI on this COBOL ... They will take top dollar, make a bigger pile of mess, sell it as a success story and move on make bigger messes.