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> On the other hand, the only reason the company hired someone overseas was to save money. They would not have even considered these candidates if they weren't hugely cheaper.

Not the only reason: I have plenty of times hired people who had skills we needed and couldn't find locally. Sometimes brought those people over on H-1B, sometimes just hired them remote. And then if we had a few in the same area, opened an engineering office (though these days I am less likely to do that unless the folks really wanted it).



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