[paulbaumgart]

Judging from how much attention all the good software engineers I know get from recruiters and from conversations I've had with people actively hiring, the demand in SF/Silicon Valley is incredibly high. I have personally taken advantage of this demand through lucrative contracting gigs.

Sure, crappy companies in dying industries might not be able to compete, or might not even realize that they're failing to compete, but why care about them? They don't make the market for people who are actually good at software.