I did a similar analysis with more relevant (for me) numbers for BA recruiters that wanted me to move.

Their responses were ... well ... sad. I don't blame them. Or the companies.

I was amused by the offered salaries, after I explained the basic economics to them. Pointing out that the net income after taxes/expenses is so low as to effectively put me and my family into poverty.

The smart ones responded positively to "keep me where I am, have me hop a plane N times per month."

The dumb ones said "but BA real estate only goes up." Which, is a large part (but not the root cause) of the problem. If this were true, then BA real estate would be little more than a barely concealed Ponzi scheme. Which, maybe, it is. I dunno.

What is interesting to me is that the rest of the country has been wising up for a while. So now you can get the benefits of BA salary/comps working locally. This is a welcome development, though rent seeking behavior seems to follow this, so it is only good for a while.