People can achieve a high standard of living anywhere in the world on half or a quarter of what goes for normal in SV tech. The valuations of these companies are even more inflated than their wages, and most of them aren't even profitable and don't have good prospects. Bubbles benefit some people, but they're a sign of dysfunction and I don't believe that the proper reaction to a sign of deep societal dysfunction is to celebrate that a few thousands of people can make a lot of money out of it.

> anywhere in the world

Anywhere outside of SV, really.

Depends on what you qualify as 'standard of living.' There's no amount of money I would accept to live in many parts of the world. To have the same size property and home I have today in France or Germany would be likely 10's of millions of Euros. My property is worth well less than $1M.