I don't think it's this simple. Maybe it would be for larger corporations that would rather hire more cheap staff than fewer quality staff. You shouldn't have this issue if the company values the experience the staff has instead of just looking at them as an expense.

I've been working fully remote for 10 years and the company hires people from almost anywhere in the world. They'd get to pick the best candidate regardless of their location. Pay is also not based on where you're living but on the role and your experience.