[YZF]

There are some tax and work permit/visa consequences so it's not as simple. E.g. someone who can not legally work in the US may have a problem presenting a US bank account and an SF mailbox. The requirements may vary in different countries/states.

But I agree we may be headed towards a future where pay is no longer a function of location. If you can't tell where an employee is physically it's a lot more difficult to have location based payments. A remote employee can be anywhere. When I worked remotely (way before the pandemic) I spent some time working from Hawaii and my employer did not even know.