Why OC and SD are sorely lacking in high paying professional job creation?

Welcome Boston! Your insights and experiences adds a lot of substance to this forum.

I want to know your opinion why OC and SD are sorely lacking in high paying professional job creation. My observation is that here people are mostly well educated but we lack big corporations because we have a much shorter history than East coast and SF.

I have over 10 year of software development experience with an advanced degree but got paid barely over 100K. A person with similar experience will get at least 150K in SF or BOS. However, relocation is not an option for me 🙂