I'd also add that the value of being able to work in-person is not zero - some roles can go fully remote, but things like user research are much more difficult to conduct remotely (particularly with hardware).
Finally, the reason the Bay Area / NYC cost the most are because they attract on the whole, highly qualified talent. It's not unexpected that the salary scales would be where the senior, high performing talent is implicitly located.
I'd also add that the value of being able to work in-person is not zero - some roles can go fully remote, but things like user research are much more difficult to conduct remotely (particularly with hardware).
Finally, the reason the Bay Area / NYC cost the most are because they attract on the whole, highly qualified talent. It's not unexpected that the salary scales would be where the senior, high performing talent is implicitly located.