What you call "location adjusted bs" is actually just supply and demand.
The supply of good, experienced software developers willing to work for $100k in the Bay Area is practically non-existent when "normal", nothing-special suburban houses there can go for a couple million. There are a much higher supply of developers willing to work for that in Poland because the CoL is so much lower.
Similarly, a gigantic reason American companies hire overseas in the first place is because wages are lower outside the US. Without that wage differential most of those jobs wouldn't exist.
The supply of good, experienced software developers willing to work for $100k in the Bay Area is practically non-existent when "normal", nothing-special suburban houses there can go for a couple million. There are a much higher supply of developers willing to work for that in Poland because the CoL is so much lower.
Similarly, a gigantic reason American companies hire overseas in the first place is because wages are lower outside the US. Without that wage differential most of those jobs wouldn't exist.