IT jobs are pretty easy to export, too, so if there's a big disparity, sooner or later, the jobs can go the other direction, if the people can't come in this (towards the US) direction.
It's easy to say, "IT jobs are pretty easy to export".
In practice, this depends on a number of factors being aligned correctly and an organization being tuned to the idea of remote work. Especially if the deliverable of the IT job in question is part of the core function of the organization.
It's absolutely been happening in certain markets. Folks need to make sure they're providing the appropriate value at their income bracket, or else they or their company will eventually suffer the consequences.
In practice, this depends on a number of factors being aligned correctly and an organization being tuned to the idea of remote work. Especially if the deliverable of the IT job in question is part of the core function of the organization.