I'd change that to where _do_ they go. This trend is becoming more pronounced but has been around a while.
As other posters note, they leave for other tech hubs, or other industries. Even if they could earn even more in the Bay Area they recognize that it's a long path to a quality of life that would be more accessible somewhere else.
There's also a weariness folks in the industry get after a while. On the one hand, it's an amazing place to get 20 years of experience in 5. Put at some point the bubble grates on you.
I'd change that to where _do_ they go. This trend is becoming more pronounced but has been around a while.
As other posters note, they leave for other tech hubs, or other industries. Even if they could earn even more in the Bay Area they recognize that it's a long path to a quality of life that would be more accessible somewhere else.
There's also a weariness folks in the industry get after a while. On the one hand, it's an amazing place to get 20 years of experience in 5. Put at some point the bubble grates on you.