More developers might not solve a problem faster, but they will drive down wages (even for skilled developers)

There is a lot of crying and worrying about wages on here right now. If you are from CS or SE, you don't have the right to cry about a saturated job market driving down your wages. They are plenty high. If you want people with real problems, look at the graphic design industry. $10/hr can get you your pick of the litter among several applicants who have over 20 years experience in one of the biggest cities in the United States. Then imagine what it must be like for recent college graduates in the field.

Wages are plenty high in the States, or places like London. The rest of us are not on anything special.