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Because it isn't about the value you produce and it never has been. It's about your and your company's positions in the rest of the labour market. The people who are wishing for globally universal remote salaries are joining a sad race to the bottom.

The value you produce is just the upper bound of you salary. The salary you need to survive is the lower bound. Then what you get is in-between, based on supply and demand.

Humans aren't products.

Companies price discriminate.