Just as there are super smart, skilled developers in these areas, there are also lots and lots of software companies in EU, China, India, Japan and South Americ

Just as there are super smart, skilled developers in these areas, there are also lots and lots of software companies in EU, China, India, Japan and South America. These companies will need to up their game to keep these talented developers from fleeing to better paying, outsourced jobs. This might not mean much for someone who made their career in SV, but certainly means a lot to an Indian, Russian or Brazilian developer.