"One thing I’ve been thinking about lately is the compensation, like the principles of compensation. If I live in San Francisco, and I move to Taos, New Mexico, where houses cost a third as much, should I get paid less? I can make the argument strongly both ways.

But companies are acting like monopsonists, which is like a monopoly except you’re the only buyer instead of the only seller. The company says, 'Hey, if you move to Taos, New Mexico, we’re going to pay you 30 percent less.' If it’s a free market, they couldn’t successfully do that.

Another company would say, 'We’ll pay Mountain View prices, even if you’re in Taos,' and get better people than they would have otherwise. Alternatively, we get this informal cartel behavior that we’ve seen over and over in the history of Silicon Valley where the big employers band together to suppress engineering salaries.

The longer-term thing I’m concerned about is career growth for juniors. There’s so much value in that lunch-room conversation that a junior begins by sitting in on and gradually becomes a confident contributor to. How’s that going to happen in a remote world? That worries me." -- Kent Beck, https://builtin.com/software-engineering-perspectives/kent-beck-geeks-gusto-globalization