I think remote work is definitely a double-edged sword. For the time being wage pressure is high but as large organizations find out that they can recruit talen

I think remote work is definitely a double-edged sword. For the time being wage pressure is high but as large organizations find out that they can recruit talent that would have accepted a little bit less and done just as good of a job they will begin to lower wages for these remote positions, which will lead to people being willing to accept a little less, which will lead to lower wages, etc until an equilibrium is reached a little bit above what typical tech wages would have been remotely but well below what US tech wages are now. This will be a moderately good thing for workers outside the US, a moderately bad thing for workers inside the US, and a fantastic thing for the companies who reduced the cost of their labor pool substantially. I feel like there is definitely a little bit of job security in staying with a place that insists on local work only, but those places will become less attached to that position as they see industry peers successfully migrate away from it.