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Every tech company was forced into remote working, suddenly now every tech worker is (really) competing on the global job market, and the market is adjusting to the new offer/demand. That’s my theory.


Yes, there are some companies who have changed to fully remote and now hiring people from anywhere. There isn't enough of these companies to make even a small blip in the global job market.

The vast, vast majority of companies are still hiring people locally.


Source?


This would drive wages down.


Should still drive the average global wage up for top talent, even if it lowers wages on SV and other inflated hubs.


I think only recently have we seen companies adopt actual long term remote policies since initially the intent was to come back into the office. Also, I think it’s probably closer to a regional or national market at most. Most companies won’t just let any employee work from anywhere due to tax laws. For example, I can currently live in any state but that state has to have my company incorporated in it(which is about 25 states).




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