Truly a mindless article. Money attracts talent, doesn't matter what the historical rates have been or what the absolute cost to live is. If a good person can get 50 million instead of 3 million they're going to take it.
For the record, not everyone is like this. And - one hopes - many of the most talented are not. I've pulled out of an interview process for a job paying 3-4x (with upwards potential) the job I took, because I saw more meaning and social value in the latter. The content of the job can be more important than the salary.
I am not arguing that this is how you live and if you find meaning in it, more power to you. I find value in maximizing my salary, I view work as trading life hours for dollars. The more dollars I can extract from each working life hour, the less I need to work and the more things I can do in my non working hours. It also allows me to establish a higher base level future for my kids.
I have no loyalty to a company I work for as they generally have no loyalty to me besides the ROI they get from my work. If they can get a better deal by outsourcing my job to India, they will. We did not create this environment, corporations did so I find myself playing by the rules they created.