It's happening very slowly but it's happening. In my Eastern European country tech wages shot up immensely after the Covid WFH boom thanks to American companie

It's happening very slowly but it's happening. In my Eastern European country tech wages shot up immensely after the Covid WFH boom thanks to American companies hiring here a lot. In the US 80k+ is a bottom junior wage but here it's a king's ransom considering the lower taxes and lower CoL, so there's talented seniors willing to grind long hours and work on US timezones for that kind of cheese. I assume it's similar in Latin-AM and Asia. So far it probably hasn't noticeably impacted US wages as there was an endless stream of free money pouring from the sky which enabled tech companies to keep hiring mostly US talent and grow much faster than off-shore talent onboarding could reliably be done, but now that the negative rate money printing bonanza is over, and the companies figured out how to better work fully remote and how to screen for quality off-shore talent, US companies without the massive war-chests that FAANGs have might focus more on talent from abroad to stay profitable. Just my 0.02$