I know these as a fact that a comparable property in my city would cost me much more than what you're paying. All the while I'm getting payed less than half of my colleagues living in your area.

And there are many other costs that are comparable eg. electronics, vehicles and education.

All this is to say that location based pay is not about cost of living, its about getting away with paying as little as possible.

For electronics and vehicles you are free to google iphone and mercedes prices in India vs Us. Its especially higher if I want specific items to import like framework laptop, fairphone, tesla car

Private education can get very expensive very quickly too. Public schools are not even an option as they don't even have furniture sometimes.

You might say remaining costs are low, but they are low only if we use uncertified, unskilled, low quality services/labor. For even decent quality of work the prices will be in multiples.

About my comment about being payed half, the pay scales are visible to everyone in the company so I know that the least in the US also gets payed 2x of my location

I don't know any company that has a location based pay differential that ranges into 50%.

Now, if work can be done else where, magically the supply increases, go figure. So they don't need to pay so much. Instead they can pick someone else for less.

For me, I consider the high pay a payment for living somewhere I don't want to or cost lot to live. If I don't live there I get less.

I’m buying later this year, really thankful I grew up in a place where I can easily settle down, and I’m looking forward to passing that on someday.

Realistically, most companies aren't interested in paying everyone more just because some of their employees are in an expensive location. I would expect any location-independent compensation programs to move toward median compensation across locations, not upward toward maximum compensation in the most expensive location.

Existing companies like the FAANGs don't have a choice because they have a lot of customers in those locations, but younger companies adopting location-independent pay would absolutely be targeting median compensation rather than paying everyone top of market in Silicon Valley just because that's the maximum possible compensation they might need to pay someone.

Remote work will certainly shift dynamics, I am quite interested in if the concept of 'hybrid' work will take off, and how that would shape cities/communities.

It's already a race to the bottom. It's just the fact that "doing the job well" hasn't been the only factor in the race. Strip off "being able to move to and tolerate living in the right place" and the race gets a lot more fair in my opinion.

I talked about all the entitled rich boys that bought $50k shacks in Kentucky (for $300k), and are now whining that their pay is being clawed back.

Anyway, I got a bit of a kick out of that; what a coincidence.