> Is there that much of a network effect with talent being in one region that companies would rather pay a 4x compensation premium that relocate to new or lowe

> Is there that much of a network effect with talent being in one region that companies would rather pay a 4x compensation premium that relocate to new or lower cost locations? Yes, it's pretty strong. Employers want to be where the employees are, and employees want to be somewhere where there are other jobs.