Comment by oblio

Plus there is latency on the supply side. A lot of people were drawn by the crazy compensation starting about 10 years ago and accelerating during Covid, so that there is a huge amount of new developers out there. Plus due to the internet and mobile devices we're all more connected so the existing pipelines in developing countries are all also pointed at developed countries, bringing in even more supply.

I wonder what's the number of developers today compared to say, 2014, but I wouldn't be surprised if it's 2x if not 3x.