The trend is away from remote work though. So much more stuff is hybrid then it was a few years ago. SE Asian wages means a 12 hour time zone difference and that carries a real cost on efficiency (I personally experienced this at two companies). Future poorly thought offshoring attempts will go just as badly as they have in the past. If anything AI makes it worse, since each individual dev is responsible for a bigger slice of the output they need to be in the loop on business / customer needs and significant timezone differences make that harder.

Real example: my company is US based, top and middle management is in US, some middle management and lower in Europe, managing workers in India and Manila. Same scheme with Costa Rica, but managed directly from US.

What about Central America?