Neither/both? It's one of those cases when people don't appreciate the the employer's and employee's interests are rarely aligned. I wrote some thoughts on this a while ago as I realised lots of people I encountered who've been in an individual contributor role their whole career haven't been forced to think about the opposite side of the arrangement: https://glenngillen.com/sensible-remote-compensation/

Thankfully where I work now (ockam.io) indexes to Bay Area salaries, irrespective of where people are based.