I hear this a lot from employers, but more often than not, they are not willing to offer competitive compensation for the level of talent they wish to attract.

That is just another way of saying that good talent is scarce.

Agree with this. If a purely cost driven race to the bottom is inevitable, it already would have happened. I think what’s going on right now increases the competition for roles that some people may have previously had a geographic advantage over others in obtaining, but I don’t think this means that advantage is gone, nor do I think it’s a zero sum game. There may be some downward wage pressure, but if cost was your only motivator as an employer, you were probably already hiring remote teams in low cost markets.

How much does your company pay?

I think you greatly underestimate global talent for some reason.

I think you greatly underestimate the global demand.