> There are people 2x as smart and who will work 2x as hard for 1/2 the salary among remaining 7 Billion people on this planet and if the bank can hire them instead of you, eventually they will.
I think the bank can and does hire them already. In big tech companies, a lot of employees come from developing countries and they're paid the same market rate as anyone else (and companies pay for their relocation).
Moving staff from China or Poland to the US is a non-trivial exercise with all sorts of limitations, and FYI, that definitely lowers the local market rate.
The 'True Shift To Remote' is a big game changer because institutionally, people at the office had a kind of existential value proposition: "We are Here!" - but that prop is distinctly diminished if they don't think they have to be.
I think the bank can and does hire them already. In big tech companies, a lot of employees come from developing countries and they're paid the same market rate as anyone else (and companies pay for their relocation).