[smcphile]

> But if most employers were to go fully remote, at that point the shortage-driven Silicon Valley wages would drop near the national average, regardless of how much more it costs us to live here.

Yes, and, using the same reasoning, at some point the cost of living in Silicon Valley would also go down so as to approach the national average.

[erik_seaberg]

Tech workers are only 7-12% of the population. Unless other industries also go remote and move away, the Bay Area is still going to have local and foreign speculators cashing in on a severe housing shortage.