Earlier quoted context omitted.
If you’re used to receiving BigCo pay and bought a mansion in a remote vacation hotspot, you could be in for a rude awakening if you find other remote jobs pay half as much and your employer knows that and stops giving you refreshes.
This. The FAANG crowd is used to pulling down $100k-$150k. Developer jobs that are advertised as remote from day one tend to be closer to $50k-$70k. (These numbers are based on a combination of rumors and job board postings, so no, I don't have a source to cite.)
If you're a good developer with experience, it doesn't really matter where you are. I actually get paid more total comp than I would in SF, my cost of living is lower, and my tax situation is much better.