[rjzzleep]

This hits the nail on its head. The reason why SV is so attractive to potential immigrants isn't because of its living standard of thousands of homeless people the healthcare, transportation or housing system.

It's because the scarcity of that particular labor makes it on one of the best paid tech sectors in the world. Most people go there for the money even if they may stay for other things. Well that, and the fact that other highly skilled people compete for those few spots available, which means you might be surrounded by interesting peers.

China for example has 10x as many communication network engineer graduates as the whole of Europe altogether. That's ignoring the fact that a significant number of graduates are migrants themselves. I believe China and India have the longest Green Card waiting lists.

[geggam]

Problem is finding actual talent vs talent on a resume that doesn't work well.

[howard941]

Like the market for used cars. All other things remaining equal the problem restrains pay for top performers.