> Gradual population decline empowers lower-income workers.

Remember this line the next time immigration/H1b debates heat up. The same mathematics are at play.

Except for outsourcing, of course. The labor pool isn't limited domestically for many kinds of work. And for tech specifically, the labor pool is highly mobile. So if another country becomes the best place to go, then the labor pool will move there. The simple analysis probably results in, counter-intuitively, the opposite of what you want, which is a decline in the competitiveness of American tech