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How would this penalize you?

I'm basically operating with the assumption that with the expansion of programs like this, enough tech workers would be willing to leave high-COL tech labor markets to reduce the average tech worker pay nationally as NYC/SF are no longer hyper-competitive, but not so many as to meaningfully reduce the cost of living in those areas, especially in NY where the COL is driven by many other industries.

The end result (as I'm imagining it) would be that these new national-average tech salaries can still provide a very comfortable living in low-COL areas, but are no longer comfortable in high-COL areas.

The salaries are already not comfortable in high-COL areas, at least for a lot of developers. That's why HN has had these discussions about remote work compensation.

Realize with areas like SV you're also competing because of desirability not related to job market. If you want to live in certain parts of CA it's going to cost more.

If what you are worried about does happen I suspect it would take on the order of a decade to show up. But regardless of timespan, I must say I don't care. Your post is just crocodile tears.

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