There will be be plenty of people, they just wouldn't be in Silicon Valley. Or possibly anywhere in the USA. $800k/year in the UK is "Buy nice house in commute

There will be be plenty of people, they just wouldn't be in Silicon Valley. Or possibly anywhere in the USA. $800k/year in the UK is "Buy nice house in commuter belt in one year without bothering with a mortgage, three years if you want somewhere or something fancy but still not aristocratic, ten years if you do want aristocratic".