Correct. Symmetrically, the pool of candidates increases once "local-first" companies migrate to "remote accepted", so companies get more power to hire from any

Correct. Symmetrically, the pool of candidates increases once "local-first" companies migrate to "remote accepted", so companies get more power to hire from anywhere in the world. So you as an employee will compete with anyone in the country/world purely based on your skills/expertise, regardless of your cost of living.