People are not as capable as you think they are and software engineering (well) is actually difficult. You cannot just push more people in. People are not fungible.

There is truth to your statement, but high salaries and demand encourage locally capable people to enter the industry.

Consider growth of CS graduates in the past 5 years or the number of people that transitioned into tech (like myself).

In 2026, this signal is not as clear: with the uncertainty of tech, increased output with less labor due to AI, and growing competition amongst workers (citizen or otherwise). We may see a shift in studies to other fields.