The supply of engineers has also massively increased compared to the supply of high paying tech jobs.

Your salary is capped by what you produce for your employer but your salary is determined by how hard it is to replace you. In the Bay with more companies than you could count, they had to fight tooth and nail for these incredibly productive workers, pushing wages higher and higher - capturing the value the workers create. Add in ZIRP and all the startups that creates and you’re looking at a cage fight between employers over workers.

With remote work and the end of ZIRP, suddenly the bay has less startups and the Googles of the world can more seamless employ workers in Cleveland or Bangalore. What does a Bay Area worker gain from this, access to tech jobs in Cleveland?