Speaking to a British company recently and they were trying to hire for a senior web dev role at £40k (<$50,000)
I found that surprising to say the least given that even entry level dev roles in the US pay more than that.
Lesson of the story: embrace remote work.
If you're working for a local company the increased willingness of American companies to hire remote workers is going to raise local dev salaries due to increased competition.
I think this is a good thing. If this also comes at the expense of American devs having their salaries squeezed, frankly I don't care. You're rich. You will be slightly less rich, or even just getting richer at a slightly slower rate.
While some American devs might view this as a personal tragedy, if you subscribe to a maximin view of what a desirable global economic pathway looks like (which I do), then the squeeze on American devs and increased willingness to hire remote workers globally is a good thing.