I don't think you grasp how this will play out over multi-game
While I agree with your assessment on wage pressure, the folks this is going to hurt the most are the new graduates that don't have the knowledge or experience. Their competition just got a whole lot stiffer.
It benefits two groups the most, someone with literally zero experience and experts.
What matters is which of these strategies will result in actual success. This is honestly far too hard to tell at this point.
I'll say here, I've spoken to and spent time with a few well known billionaires and I'd say deep down, they are exterminists no matter how nice a face they try to put on it. Over time they just come to believe most people don't matter at all. Its really dark, and the sooner we come to terms with that the better.