I have a feeling that the opposite will be the case. SV used to be one of a very few place where most of the software happens. Now that's not the case anymore.

I have a feeling that the opposite will be the case. SV used to be one of a very few place where most of the software happens. Now that's not the case anymore. If 10 years ago, some guys in Ukraine were happy with the outsourced tasks because the pay was so much higher, compared to what they could get locally, they also learned lots of tricks over those years. Some figured out sales, marketing, pitching to VCs and so on. People start coming up with solutions instead of doing some tasks on cheap. They create companies, drive the value high and salaries grow too. So I don't think SV salaries will change, but it's more likely that a lot of places outside SV will start paying more.