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ChristianKl comments on Open thread, 11-17 March 2014 - Less Wrong Discussion
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Do you have an example of another industry that was high paying, well respected, and cheap to learn, that DIDN'T decline in pay and opportunities? If so, that would allow me to give more credence to your arguments.
In my career coaching work, one of the things I try to teach is how to spot these patterns of which way a market is going. This has some classic signs, and I can give plenty of examples of other industries in which this same pattern took place.
It's cheap to learn if you are intelligent and are already good at abstract thinking.
A lot of Indian programmers get payed quite poorly because they don't have the hacker mindset. Teaching the hacker mindset is not straightforward because there often a lot of culture in the way.
There are Indians who manage to learn to become good programmers but most people who learn programming at an Indian university don't.