While I'm sure that corporate executives feel a certain personal level of frustration with this administration, I suspect that the prospect of rising labor costs also prompt a certain shrill activism.
My stance is indeed cynical. I'm an unabashed cynic. Cynicism doesn't make me wrong. While it's true that many people in the valley are foreign-born and that wages are high, wages are still far below the value each worker produces. Take a major tech company. Divide its annual profit by the number of people it employs. The difference between that number and the money you're paid is the value of your work that you've failed to capture.