So while I might make a little more than half what typical FAANG engineers do, I get to work on IMO more exciting greenfield projects and live within minutes of the beach and 2 blocks from a river.
"And low-skilled jobs in a city like San Francisco pay some of the highest wages in the country; the minimum wage here is twice what it is in much of America, a real benefit that weighs against the high housing costs."
There is one other thing these communities lack - educational opportunities. Especially universities...
It would be impossible for me to replicate this on the coasts.
There are jobs available which provide folks with a sustainable life and the ability to thrive. To me, having the job you want, in the location you want, near friends you want to be near, with the pay you want, with housing you can afford, is a luxury.
If you want a life that ticks all the boxes, you have to make yourself more competitive. But I don't believe anyone is entitled to getting the exact job or conditions they want, and they shouldn't expect cities to change to accommodate their list of demands.