I don’t agree. There are way, way more jobs than qualified candidates for San Francisco & New York level of salaried jobs across a bunch of major cities, and as

I don’t agree. There are way, way more jobs than qualified candidates for San Francisco & New York level of salaried jobs across a bunch of major cities, and as the candidate pool increases, these companies are likely to just increase demand for more headcount. My forecast is that prior to the pandemic there were X “FAANG-paying jobs” across ~5 big cities in the US. After wider remote work normalizes in the next two years, there will be 10X that number of jobs and the average wage will likely only go up. There will be room for all the headcount there currently is across the ~5 largest tech hubs, plus nine times that amount in additional, new headcount. People from all kinds of regions of the US and the world will have much greater chances at these jobs. And it will create spillover effects where lesser tier employers have to raise wages to compete for the remaining candidate pool and so on.