Given the expansion of high paying roles across geographies, this could be driven almost entirely by FAANG opening engineering / R&D centers in other cities like Denver / Dallas, etc.
Also 'remote' could be laxer standards for these same companies on going down to Mountain View / Menlo Park driven by commute and traffic. Many of my friends commute 2x a week, passing the 50% threshold for remote work, even though I wouldn't consider Menlo Park / Mountain View to SF 'Remote'