Get ready for a wave of outsourcing of everything from tech to bpo like the US labor market has never seen in the coming 6 months. Once employers go through the initial pain of setting up remote work, the more than 50%(and sometimes as much as 80%) cost savings will be irresistible. If you are not in government, healthcare, or other industry that does not have legal requirements to maintain a US presence and you work…
What wouldn't surprise me though if/when remote becomes a bigger chunk of certain types of jobs, is if salaries across US regions equalize more given that local labor market rates become less of a factor for setting salaries. In the extreme case (which won't be the norm), your decision to live in a high CoL city is no different from your decision to live on expensive oceanfront property.