Funny enough, as a guy hiring in house developers deliberately and regularly, I got the impression that salaries in previously "cheap" countries are normalising

Funny enough, as a guy hiring in house developers deliberately and regularly, I got the impression that salaries in previously "cheap" countries are normalising to what folks earn in US/Europe - which could make offshoring less viable over time. Employees from the same country OTOH have some tactical advantages: Same culture/language and time zone (I noticed a lot of folks care), less legal/accounting hassle, easier/cheaper to meet occasionally for workshops and stuff.