This is so true. I'm currently a student and am sort of terrified to join the workforce in this industry. I really have no desire to surround myself with people who are so ignorant of and inured to the way real fucking people live. As someone who spent the majority of their childhood in poverty and was homeless for an extended period of time, this sort of hubris is profoundly saddening. It's very upsetting how abundant this form of arrogance is in the tech industry.
Luckily, there's a vast, vast array of options other than going to Silicon Valley. Any city decent sized city around the globe will have options available.
Outside of a couple critical mass areas in the US -- I'm thinking SV, greater Boston, NYC (just because everyone there is in their own little bubble ;) ) -- it's just another job.
And if you're not in the US, I wouldn't even know where this sort of SV halo exists.
When one tiny sliver of society (web engineers) simultaneously wields so much influence (as web companies do) and is so cut off from the reality of America (as you apparently are), it doesn't bode well.