I also think there is a noticeable drop in the quality of the interviews on the employers side. My friends still in the bay tell me there is a noticeable drop in the quality of the people they work with in the office. Look at the languages they are asking for, they are the languages that are cheap to develop for. But software isn't manufacturing, its more like some sort of publishing. And just making something for cheap is the best way to go out of business in publishing. I suspect that will be happening in the future. I know quite a few devs like the author who instead just started their own software business. Some are doing well, others not so much. I suspect this is the future of tech and it won't be in SV.