[strategyanalyst]

So, one of the three things will happen

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?

[vsskanth]

There is evidence for all three happening

1 - Bootcamps and coding schools are a thing now.

2 - companies moving from on-prem to SaaS reduces the level of customization and the need to hire talent in-house.

3 - Many companies are setting up massive offshore offices (Canada,EU, India, even Brazil). With cloud services this is even more easier.