(Not sure if your question is rhetorical, apologies if so) It’s a flywheel. Investors give preferential to local teams, which leads to teams having to hire loc

(Not sure if your question is rhetorical, apologies if so) It’s a flywheel. Investors give preferential to local teams, which leads to teams having to hire local, which reinforces the prices. The big tech that can’t really move or adapt to a more remote workforce pushes the salaries up, local cost of living rises, and the cycle continues. The cost to move from that culture is extremely high, so the salary differences end up being “justifiable”