Maybe wages would go up if there were less people chasing the "dream" of living in SF/NYC/LA on a Starbucks barista career. If everyone took my advice the people left would get higher wages. That's supply and demand.

> historically you had to go somewhere where those better jobs are

There are plenty of good paying (maybe not FAANG's 500k salary but 6 figures nonetheless) jobs in Chicago, Atlanta, North Carolina RTP, Columbus, etc. The biggest contributor to social mobility is getting a good degree at a good school. If you get any engineering degree from any decent state school - doesn't matter mechanical or computer or chemical or whatever - you're making good money.