Globally may not be a problem but it does make it far easier for hiring managers to reach outside their immediate area and look nationally. That may not change

Globally may not be a problem but it does make it far easier for hiring managers to reach outside their immediate area and look nationally. That may not change things much in Europe, where distances are short but in the US that's potentially a huge hiring pool. Even if you limit yourself to just your time zone, how many competent developers reside in EST?