One which is reeling from layoffs caused by short-term profit-maximizing bandwagoning in the tech sector. CEO see, CEO do.
We didn't just magically have tens of thousands of new programmers/ IT pros. pop out of nowhere, they were laid off. There is no situation in which this brain-drain will benefit them. They can't wait around for 10 years for it to get really bad, in the hopes that at that point they'll be back in high demand.