The kinds of jobs that can be outsourced (cost centers, ex. maintaining some legacy system) already are. The jobs that haven't been outsourced are profit cente

The kinds of jobs that can be outsourced (cost centers, ex. maintaining some legacy system) already are. The jobs that haven't been outsourced are profit centers, that require innovation and collaboration. This means highly skilled talent, being in the same time zone for collaboration, cultural context (language etc.). Once most of the tech work moves into cost centers and big tech growth and margins starts converging to like 2-5%, you will start seeing widespread outsourcing to still keep those stocks valued high. Right now ROI per employee is still very high in tech due to scale and margins, so no reason to think about cost. So I think this is still a long ways off. If big tech is successful leveraging other tech hubs for a profit center (they are trying), I would expect other places competing for high level talent to converge to SF salaries. I would probably bet on less YoY growth in salaries and not a reduction in pay.