My back-end developer writes Serverless IaC with Python Lambdas for $40/HR. Our app developer writes Swift for $25/HR.
We manufacture a proprietary IoT sensor. I pay $30/HR for an embedded developer to write C in TI CCS. I pay a fixed rate for board layout / schematic / BOM edits.
A hard truth is coding skills are commodity if you know how to modularize and write spec. You don't need perfect English to write beautiful Python / Swift / C. I don't need you in the same timezone because you're pushing to a git repo and we review it when we wake up.
For permanent talent, they're more than happy with $40/HR. They like working with people who know what they're doing, they like that I write a PRD and leave them alone until deadline, and they believe in what we're doing.