Right, but they know they don't have to pay that remote worker as much to keep them, because that remote worker doesn't have as many options with where to work... or at least, that was the case before EVERYONE became remote workers.
Companies always pay as little as they need to in order to retain the talent pool they feel is required to do the job they want. They aren't going to pay someone more than they HAVE to out of fairness.
If all companies are remote and competing for workers everywhere in the world, you will see geographic salary discrepancies disappear... slowly.
Companies always pay as little as they need to in order to retain the talent pool they feel is required to do the job they want. They aren't going to pay someone more than they HAVE to out of fairness.
If all companies are remote and competing for workers everywhere in the world, you will see geographic salary discrepancies disappear... slowly.