I don't think it's equivalent to say, because tech is growing, percentage-wise, elsewhere, that tech hubs are "losing the talent war."

I've never worked in the Bay area except for a short stint a while back, but these articles seem to always pop up every couple years, and they're always wrong. All of the top companies and startups have always come from a very small set of cities - the ecosystem effects are just too strong.

Look at the latest big boom in tech, in AI. The "centers of the universe" for AI are still pretty much the same usual suspects.