Why not? As a business owner why would I pay $90K more than I had to? Since my pool of candidates is basically the entire country, that means my pool of potential candidates who would happily take $140K and be able to work remotely has grown.
"As a business owner why would I pay $90K more than I had to?"
For the same reason might ask why they would take less than they have to.. although it is true that the candidate pool grows, the pool of jobs we can select from is also worldwide.
I mean, I can afford to work cheaper if I want to, but I don't have to because people will pay... the principle works both ways.
Why would I take a 140K/year job just because the people around me are living in abject poverty unless I have to work locally?
I'm remote working from a folk festival in rural texas. I have a cousin here who is homeless when she's off the ranch. I don't think it would be good for anyone for me to set my pay based off her pay.
Well yes, I agree. I don't think anyone would argue that though. I believe the argument being made though was that a company didn't need to offer Tech Hub market rate when they could simply offer above-market rate for a remote worker, and then both parties would come out economically ahead.
The way your comment was worded, I thought you meant accepting $140k/year was akin to being in abject poverty, which seemed like a very uninformed view of the world. I don't think that's what you meant though.