If someone takes a job with a London postcode and then moves a few hours north, what happens? Do they just get docked in pay?
Do you trust them to tell you they've moved house even though they're going to lose tens of thousands a year in income?
I'd considered applying in the past but don't really feel comfortable with the fact that it's not really 'remote' because if I actually live where I want to, I'd get paid peanuts.
Evidently it works for them, but to me it looks like some weird way to push everyone into the expensive cities.