Remote pay cuts likely to vanish in 2022

Flashback: When the pandemic supercharged remote work, employers like Facebook and Twitter said they'd cut the pay of workers who moved to lower-cost areas.

But that strategy appears short-lived amid intense competition for talent. Aggressive employers are poaching remote workers with offers of higher compensation.

• In 2022, "more employers (especially in tech) will walk back or reduce location-based pay adjustments," according to a Glassdoor report.
• As a result, more workers may move away from headquarters in pricey cities.

Reddit and Spotify have already said they’ll pay workers the same no matter where they live.

The bottom line: "Just being able to announce that you're keeping everybody's pay the same is a powerful draw," Glassdoor senior economist Daniel Zhao tells Axios. "I suspect we will see [pay] gaps shrink between markets."