There are several reasons for pay to vary by geo. Employer costs and risks can vary greatly:
* company taxes, legal & corruption exposure
* employee minimum benefits & severance
* employee personal safety
* company data security
* insurance & audits
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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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