Have all senior-level manpower in the IT industry left the country, or are exploitative companies hiring freshers and pushing mediocre services?

I'm not saying fresher shouldn't be given chance, but I see many IT companies and service oriented companies hiring freshers/students and making do work in low wage while charging high rate to their clients. It seems they don't even have actual experience level staff.

FYI, their "senior" is someone with 3 years of experience. Many young talents were good in coding but their bottle neck was, there were no experienced in top to actually guide them or tell them about writing clean codes and following standards - worse they are not doing anything to improve their skills or give them trainings.

This one time we had to terminate the contract because they hired interns for peanuts to do the task and delivered shit job.

And all these contracts were big ones with big budgets.

And if you are wondering how did they get the contract - well "Nepal". If you are wondering why government websites or tech is shit, or why big corporates have big tech. .