I predict Chinese tech companies will offer wages equal to American tech companies for foreign workers in under a decade. Tech companies are really going to start feeling pressure in the coming years, and I know headlines will be full of "Nooooooo China can't possibly do this! Their economy is just a bubble!" type stuff. Just like we've been seeing since the early 2000s regarding manufacturing and the alleged fake cities and housing that supposedly "propped up" the economy.
America has gotten way too comfy with the idea that it's number 1 and forgotten that it's not an intrinsic role given to it, but something it had to work for. It's starting to look a little rough.
Very minor correction: you probably mean "complacency" not "complacement". And I do agree to an extent; from where I am standing the American software industry feels a bit bloated/stagnant/wasteful/some word I can't think of that covers all three.
This reminds me a recent story in china: senior ms employees complaint against newly hired Huawei employees, who voluntarily worked overtime, and even showed off this to other senior ms employees.
I kind a have to agree, even my company starting to shift a lot of development work to team in china. Their output and hard work has been amazing.