Earlier quoted context omitted.
WHY DO PROGRAMMERS THINK LIKE THIS? A radiologist makes $350k whether he's in Manhattan or Memphis. A hedge fund analyst makes comparable, whether he's in LA or Louisville. A BIGLAWyer makes comparable, whether he's in Chicago or Charlestown. They are paid for the value of services rendered, and the doctors, bankers, and lawyers I know seem perfectly content to maximize their income while minimizing their expenses. O…
Most of the software companies in Memphis are probably selling to relatively local customers, thus tying their income to the local markets. The software companies selling to everyone everywhere are in the big tech hubs.
FedEx is headquartered in Memphis, as is International Paper, AutoZone, etc.
Of course, they aren't exactly software companies.