You’re conflating ‘the West’ with the Bay Area. Most people in European countries, or even smaller American cities, are pretty relaxed about the idea of California job opportunities becoming more widely distributed.

Yea I guess that is true. But that may or may not be mistaken, I mean, depending on the skill of even lower paid devs in other parts of the world. Its hard to say how things will shake out but I would say the better you have it now the more you don't want things to change, even if there are some scenarios where you gain.