Remote-first work is taking over the rich world – research hints at why
Everyone should keep in mind that water seeks its own level.   And think of this on a global scale.I've been working remotely for almost a decade as a senior software engineer.  Now, post-Covid, almost everyone realizes they can do the same.Salaries are going to drop in the "rich world", and it's not just because people are now fleeing places like SF/SV to lower cost of living areas.We are also beginning to compete globally, far more than ever before with the ease of remote work.  Qualified engineers can be found for 1/10th of the price with "near shore" companies in the "rich world".I know because I've worked with them throughout various roles, both as peers and as a PM/Team Lead.The money may start flowing from the "rich world" to the "poor world" soon, no need for H1B visas or anything else.The gold rush days may be over.