Eastern European here. This has been happening for a while. I haven't worked for a local (Hungarian) company for 8 years now. And even then it was just 6 months

Eastern European here. This has been happening for a while. I haven't worked for a local (Hungarian) company for 8 years now. And even then it was just 6 months. In the past 14 years, since I've left my last 'real' job (except for that 6 months mentioned before) I either worked for US or Western European companies or my own startups. So I've been thinking for a while that it's actually a pretty bad situation for local companies who want to develop either custom software (internal or a product) or the ones that have local clients and try to hire local talent. They are, in part, competing with US and Western European companies. And while 10 or even 5 years ago I didn't know to many people who did this, it has accelerated quite a bit. I'm running a largish (~15k people) job board group on Facebook and I saw the pretty rapid raise in the salaries offered to people. Also, the increase that one can expect in the first 5 years is pretty steep, 200-300%. Meaning that the average senior level salary offers are about 2-3x as high as the entry level ones. (And senior apparently means 5 years in this context.) I'm not sure about the US situation (especially not the entry level salaries), but it seems that at least in part it's about the fact that as a senior you can find a remote job pretty easily.