It sounds like there would be a huge competitive advantage in starting your own company and doing just that. You can pay much less, get much better work, and rake in the profits as you shut down your idiot competitors one by one.
Because California, number one, and because everything costs 3-10X what it does elsewhere. I could easily double my salary if I moved to SV, but I'd have to live in a van in the parking lot like a hobo, instead of being able to afford a decent house and have a goodly amount of disposable income.