This will both alleviate pressure on the Bay Area as well as accelerating the political shift to the left in Texas. It's a win all around.
I actually think that living in the Bay Area as a tech employee is increasingly unjustifiable from an ethical point-of-view. It was once the case where that was necessary for many career paths but that's increasingly not the case and the pandemic has hastened that shift.
Why unethical? Because tech workers are contributing to the displacement of the people those places need to survive.
Example: I read an article about one of the Google bus drivers and what his schedule was. It was basically get up at 4am, drive for 2 hours to work, drive a bus for 5 hours, sit around unpaid for a few hours, drive for another 5 hours then drive 2 hours home. Why? Because he couldn't possibly afford to live anywhere closer.
You can argue that NIMBYism is rampant in the Bay Area and this restricts development of housing units and you'd be right. Yet the reality is you're still contributing to that displacement even though you're not responsible for those policies.