That may be, but salary undercutting does exist.
That story I told about the GPS tester at $33/hour is probably half the going rate.
$33 per hour works out to about $60k per year, no benefits.
That’s not even “new grad” pay.
In 1994, my starting salary as a fresh-out engineer was less than $40K + benefits. I made a little more than some of my counter parts because of my skill set.
I work with techs now that make about $20/hour + benefits that are not H1B. I know how much they make because they (for some reason) shared it with me.