[jyu]

There are other costs besides price. Someone who graduated recently, or doesn't have a length track record etc may also need a lot of time for self learning, mentoring, accumulate a ton of hidden technical debt, not write maintainable code, have bad naming practices and code conventions, limited experience coding in a team environment, low output, etc. And getting someone to come in to clean up the mess will cost more time and money and effort. This is on top of nostrademons' the market corrects itself eventually.

And I am someone who used to outsource many technical projects to Eastern European developers, and wound up becoming a developer. You maybe getting good talent at a good price, but there's always a cost.