> but with how many software engineers having gotten laid off over the last 4 years

And how many times have we heard that you can’t time the market

Can you call the bottom ?

Let's be real here, the metric the foreign workers are mainly competing on is price.

The average tech immigrant is not particularly more bright then the average native dev, and the truly outstanding ones can still be given entrance just my paying 100k - which should be entirely neglectable for world class talent.