Comment by edgyswingset

What you touched at the end is part of a bigger problem, I think - people who write something as inconsequential as a shopping website, or Yet Another Chat App, are not worth $150,000/year. Maybe one out of one-hundred of those folks could use their talent on something that demands a wage like that outside of the absurdity that is the Bay Area. I don't feel the talent pool will be diluted so much as your run-of-the-mill developer won't be expecting a six-figure salary coming out of college anymore.