AI is the first technology that doesn't incentivize offshoring, and incentivizes co-location of talent.

A NYC dev and a dev in india have the same ai costs, based the ratio tokens/salary it becomes less of comparative disadvantage to be in NYC.

Now combine that with the fact that AI makes the act of generating code less a % time of the job, and the ability to get/refine requirements more of the job and you have a decent shift.