Earlier quoted context omitted.
Equilibrium is what I expect. That may have a more sharp effect than the math would suggest, though. Bay Area SWE salaries inflated via competition in a way I suspect completely deflates with area pressure off. The cross-effects of a limited pool tend to be multiplicative, not additive. The fact that the people doing the hiring probably enjoy those salaries too is maybe the biggest counterargument I'd have to my own…
> Bay Area SWE salaries inflated via competition in a way I suspect completely deflates with area pressure off. It will be very interesting to see just how big the pool of people who can pass the interviews[0] but weren't willing to relocate is. The demographics (and housing prices!) in the tech hubs reflect a big influx of highly-paid developers. If only 10% of the folks who could pass those interviews and get those…
How? For at least the last decade, your typical developer in the Bay Area has been a renter...long since priced-out of a single-family home. Even FAANG developers are priced out of the better suburbs.