I agree with his assessment of the bay area at least. The demand is so high that it's a real problem if you try to take your time to figure out who the hell you

I agree with his assessment of the bay area at least. The demand is so high that it's a real problem if you try to take your time to figure out who the hell you're hiring. They'll have 2 offers before yours, even if they're not a spectacular candidate. I'm not really interested in interviewing candidates for our SF office anymore for this reason, it's simply a waste of time. I don't think it's a good idea to be a "loyalist", though. Your company will never be loyal back, believe it.