[vostok]

> Sure, there is probably a shortage of Bay Area engineers if you're paying $70K, but I bet there is no shortage if you're paying $400K.

Just to reiterate this, I know many people who would become developers if they could make $400k. These are smart people with strong technical skills.

[bayesian_horse]

Until all companies are paying $400K, then they have the same problem again.

And on the other hand: Can they afford these wages? I would guess that many companies would have trouble justifying that salary on a broad level.

[vostok]

Companies can afford to give massive payouts to founders and investors so I don't see how they can't spare a few dollars for developers.