Bottom line you want the best people, which are spread around the globe, but within each country is a different price point for what you pay the best people. Bidding too high is wasteful to your resources, too low makes it impossible to compete in higher pay areas, and middle ground is the worst of both worlds: loose out on high pay areas, be wasteful in low pay areas.
I hope future generations will better understand that accumulating wealth should not be the goal of life.
Maybe future generations will not have to worry as much about accumulating wealth when countries work harder to ensure a high quality of life in the middle class. I doubt that will happen for the west until they figure out how to relieve all the pressure the housing market is putting on their citizens.
