You're correct. This famously (within Google) came up in three scenarios: 1) people living in parts of Contra Costa County who were remote, and then paid 10% l

You're correct. This famously (within Google) came up in three scenarios: 1) people living in parts of Contra Costa County who were remote, and then paid 10% less than those living in the same place who commuted into a Google office in the bay area, 2) similar situation regarding NYC mapped employees living in Connecticut, and 3) NC-based employees being absolutely abused by being classified as "low cost" and given a 25% haircut in both base salary and equity refreshes.