I think OP is saying that's the problem, companies like Twitter may prefer paying a salary adjusted rate of $150k to someone in a cheaper city than $200k to someone in SF who's not going to come into the office anyway.
Yeah this is why being stuck in LA I can't find work to save my life I have to compete with cheap it basically means many of us will die from poverty if we can't move and I can't also got no ubemplpy and no food stamps so it's literally a race with starvation but looks like starvation will win.