The US is no longer in competition for that talent pool by its own deliberate actions.
Might we see a European flowering as the US chokes itself into a regional power?
That isn't at all what I'm seeing. I still have people from Europe asking me to sponsor their H1B.
That’s not true. Trump will be gone in a few years. Soft power and destabilizing many countries has done wonders for US hegemony.
Sure, if they want to pay decent salaries.
But no, you can make 3-4x in the US. That’s not an exaggeration. And before someone says ‘free healthcare’, big-tech employers in the US provide pretty nice insurance for employees that caps maximum out of pocket expenses to about a week of your salary.
EU (except Zurich and London) tech salaries have sort of stagnated to a point that you make about the same in Bangalore, and spend significantly more.