> Then wouldn't those supposedly higher salaries result in the prices of the Bay Area housing market increasing even more?
Are most of the people currently buying houses in those areas software engineers?
If not, then we would see the true market value of software engineers vs others such as lawyers/finance/doctors who have a much more closed system of competition(regulatory domestic barriers such as domestic licensing/local market specific licensing and regulations)
That's even with keeping the potential num of people in area the same. In likelihood, it drops and these companies are forced to expand/create their other US offices or outsource some of the work to 3rd party companies.
Are most of the people currently buying houses in those areas software engineers?
If not, then we would see the true market value of software engineers vs others such as lawyers/finance/doctors who have a much more closed system of competition(regulatory domestic barriers such as domestic licensing/local market specific licensing and regulations)
That's even with keeping the potential num of people in area the same. In likelihood, it drops and these companies are forced to expand/create their other US offices or outsource some of the work to 3rd party companies.
All of which is good for the wider US citizenry.