It definitely applies to software. It's why trades are a much better career option, local will never not matter in that case. The best 'star high school' welders and electricians are always going to be desirable, as no one is flying in the best in the world for every little job.
Most of us, except the best in the world among us, messed up going into software. The script completely flipped on this since I was a child in the 80s and was dreaming of becoming a programmer as I am now.