Yes - I remember one time hearing someone from a big consulting company make the argument that even the top Indian graduates would work for peanuts (even by local standards) and asking them how likely it was that they’d be that smart but unable to determine their market value.

This was unsurprising after my entire life hearing people complain about declining quality and imported junk while always picking the cheapest item on the shelf at the store, even when they had plenty of money for a better quality option. There’s just a certain mindset which can’t look past the lowest possible price.