> Firms are looking outside not because of lack of talent but because they can pay less
Sorry but it doesn't work like that. Many thought it did, tried, and failed.
As an employer myself, I could pay *a lot* less, but then I wouldn't be able to attract the same sort of talent, the product would be shit, nobody would buy it, and I would go bankrupt.
Now, if you come to me offering X and asking 50, and someone else is also offering X and asking 30, that's 20 that the company can use for other things, perhaps even creating more jobs. So can you tell me why I should give it to you?