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Not a chance.

This is one of the richest areas in the US and the overwhelming sentiment is, "we need people to stop moving here". You can actually get votes here by making it harder for companies to hire, on the theory that traffic, pollution, etc. won't be that bad.

It's unlike any other place in the US. Truly one-of-a-kind.

Seattle, and to some extent Portland, are trending in the same direction.

Getting tech workers to leave (or at least stemming the flow) is an explicit policy goal of the progressives controlling SF.

They might want the jobs if they were going to the local poor. Not jobs that outsiders move in for.

The small cities in the Bay Area actually work against each other for a worse outcome for the whole.

See Kim-Mai Cutler's brilliant article. https://techcrunch.com/2014/04/14/sf-housing/

If they try to counter these incentives by letting more housing get built, that would be a positive outcome, no?

We've certainly not heard of any.