If a country already has a high per capita GDP why does it need more money? What do the people in the country gain from more money in total? More labor generally lowers how much workers are paid so each person in the country is likely to get less money afterwards. More productive workers means more workaholic workers which again moves the bar so locals are now expected to work more as well. Again, a net loss for the existing population.
This is absolutely not true. I don't know why anyone would lie so blatantly.
Engineering and CS graduates are present in abundance, and the job market is brutal.
BTW an abundance of graduates don't always equal "good engineers". There is also an abundance of mediocre engineers.
I suppose it will be mostly used by tech companies.
What do you think about that?
I've lived in a major urban region of Switzerland for the last 12 years and I could not disagree more. I've seen companies looking for capable software engineers for years, including paid relocation and arranging temporary housing for them to move into.
Any profession which has inbuilt labour limits (chartered accounting/lawyer) means those professions get paid fair market value.
On the flip side, it's a brain drain for the exporting countries, of course.