I guess, there is a simple misunderstanding here. I was not talking about one of two kids making obnoxiously high salaries --- I was talking about average salaries (classified by experience level) in the industry.
It was the market demand and limited supply that drove salaries that high.
Who was paying those salaries? It's a mistake to think (as socialist always do) that it was corporations. Corporations are merely pipelines: it was consumers (all of Americans) and shareholders (more than one half of all Americans) that paid that extra salary. Has a single sole complained that it is unfair for a 20-year-old kid who cannot even read well be paid $150,000 by some retiree and consumers? Nobody even mentioned that. Neither did I: I don't know any forces that work better than the market; I programmers get high salaries --- well then, it's unavoidable; let them have a party. But now the market forces have taken care of the shortage: the supply is up, the salaries are down. Now those people are whining.
I hope it's clear now that I was not talking about some kid that lives on my block.
As it is supposed to work.
Who was paying those salaries? It's a mistake to think (as socialist always do) that it was corporations.
The consumer pays - but that is part of the game. Just like the consumer pays for the baseball salaries, the movie star salaries, the Dr. salaries ect.
Corporations are merely pipelines: it was consumers (all of Americans) and shareholders (more than one half of all Americans) that paid that extra salary. Has a single sole complained that it is unfair for a 20-year-old kid who cannot even read well be paid $150,000 by some retiree and consumers? Nobody even mentioned that. Neither did I:
So why should this profession be treated differently than any other profession, where the market demand and the supply dictate the salary?
I don't know any forces that work better than the market; I programmers get high salaries --- well then, it's unavoidable; let them have a party. But now the market forces have taken care of the shortage: the supply is up, the salaries are down. Now those people are whining.
This is where you an I have a fundamental difference of opinion. The market forces changed nothing. It was the government intervention, via immigration policies that changed the supply and therefore the market conditions. There is nothing about that that is capitalistic. It is sheer government intervention into the supply/demand ratio. And I do not consider it whining to demand that the government stop poking it's nose where it does not belong.