I agree with you on this part. But maybe not completely remote. Last year, my company open a dev center in midwest just beside a high rank university. The resul

I agree with you on this part. But maybe not completely remote. Last year, my company open a dev center in midwest just beside a high rank university. The result is pretty positive. There's great supply of high quality college new grads and we can spend 20% less than bringing them to the bay area. And the living cost there is at least 50% lower so they're obviously happy with it. An even better part is that in the bay area every week (if not every day) there gonna be some recruiter contacting you for different positions while there's really not much competition beside the university in midwest. The only issue we're having now is that we have a hard time to hire "real" senior engineer who can lead the team. But if all you need is some application level work, I think it's a good bet.