If I charge you a fee of $10000 / month for home internet, while useful, you will prefer to just not use it and find other ways to access it (maybe from a library or a coffee shop).
Similarly the employers will just cut the bleeding edge programs that require specialty skills and will focus on others that the local labor market can cover.
The argument is that companies cannot hire locally the talent they need. The super star devs that make or break a company. And yet they are not worth $100k?