Long term I think this is going to result in some interesting changes- senior people don't just come from no where, they're junior people who gained experience and continued learning.
If you insist that remote working is as good as being physically present with your colleagues, then you’re basically telling companies that the reason they were paying higher salaries to their American employees doesn’t actually exist.
For those who haven't seen it before, it apparently mean "European, but from one of the poorer European nations, mainly from eastern Europe."
There was a salary survey in my company and even in Northern Europe - every single European engineer entry was less than half the salary of every single US engineer entry.