We are rapidly entering a true global market for things like software engineers. We've always had "off-shore" and "near-shore" companies, but now with this maj

We are rapidly entering a true global market for things like software engineers. We've always had "off-shore" and "near-shore" companies, but now with this major push to remote work there is no reason outside timezone differences to hire locally if you can get someone elsewhere who has better skills and will take a 5x+ lower rate. I know this because I am a Team Lead / Senior Architect on a large project that has a component in one of these countries. They are highly skilled and are literally 5x lower than US rates. This should rightfully make highly paid software engineers in wealthy countries nervous. I'm one of them.