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There was already saturation by the 2010s, MIT and IEEE wrote about the stem gap myth as a wage suppression scheme

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For sure that cost reduction is a factor in how much press was pushed toward this. But, this also is a market force that happens when demand is high and supply is low. Value of the labor goes up or down depending on the supply of people to meet the demand.

I highly suspect silicon valley elites pushed this as they have pushed for immigration into the US by skilled workers/engineers.

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