If you expect tech companies to keep paying SV salaries after they shift to remote-first, you’re in for a rude surprise.
This isn't really a problem though. The people who really benefit from SV salaries are SV landlords and realtors. If SV companies can pay a remote person 75% of the SV salary instead the company saves some money, shareholders get a bigger dividend, someone gets a tech job where they want to live (maybe on more than the local median), and that's good for everyone.
It's probably an absolutely devastating problem for SV landlords, but they've had it pretty good for a long time so they must have been able to see it coming eventually.
This isn't really a problem though. The people who really benefit from SV salaries are SV landlords and realtors. If SV companies can pay a remote person 75% of the SV salary instead the company saves some money, shareholders get a bigger dividend, someone gets a tech job where they want to live (maybe on more than the local median), and that's good for everyone.
It's probably an absolutely devastating problem for SV landlords, but they've had it pretty good for a long time so they must have been able to see it coming eventually.