Nope. I know of several remote only companies that take advantage of local wages. Say someone in Bulgaria can make 30K € locally, but a US employee would cost 1

Nope. I know of several remote only companies that take advantage of local wages. Say someone in Bulgaria can make 30K € locally, but a US employee would cost 100K USD. The company will pay the contractor 60K in Euros. Still a huge bump for the Bulgarian, but far less than a US employee, even after you factor in employment taxes.