I think that depends on how small/big that ‘element’ is; most come down to ‘people in power lie to us’ and yep they do, just not on this scale or about this, but the small element of lying stands.
I don’t think there is any larger truth in this like the flat earth conspiracy, moon landing conspiracy or many of the others outside ‘people in power are lying to us’ in the general sense. Problem is that conspiracy believers use this to prove their side: people in power lie to us about X, hence they lie about Y (aka they lie about everything).
I can assure you that you are not hiring the best and brightest. The best and brightest left this bullshit system years ago and are doing their own thing
Then Up your skills. Don't compete in that space. If you can so easily be replaced by people from India making less than 10 dollars an hour, it is time to upskill. This reeks of anti immigration bias. There is no such thing as an American or Canadian job.
When you say something like this, can you please elaborate a tad little more with some big picture points. Curious query from someone not from/in America (the USA). Does this include Canada too?