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Top talent will keep its premium because there's not enough of it to go around. Average remote is going to pay less than avg in-office because competition for those roles is going to come from the massive stock of historically undervalued candidates, no longer blocked by geo.
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The convergence of salaries is going to do wonders for the developing world. English proficiency is the blocker now and could mean the difference of 5x the salary for the same job, working for a remote US company vs local. Probably not great for increasingly uneducated US workers
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Also probably not great for geos heavily dependent on high income taxes. Jobs and the highest earners are increasingly free to relocate. Wages on jobs that remain could be substantially lower, converging toward the global remote average. Un-woke geos will beg for the high earners
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Replying to
There are still plenty of worse places to live than the US, even if you're making minimum wage. You have a lot of opportunities just by living in the US. I don't think there will be a shortage of immigrants wanting to come but the labor market might make it politically unpopular.
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Replying to
That’s like saying why should one tree grow taller than any other tree. It’s multi-situational. Equality is a mathematical term that exist in a fixed environment of mathematics, that people try put into a multi-factor social environment.
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