Location-based pay is remarkably offensive, and for the exact reason you state:
> you have basically handed your wallet to the "wallet inspector"
By accepting location-based pay, you concede that your employer has the right to treat you like a child receiving an allowance; that your remuneration is based on the lifestyle that they think is appropriate for you, and not on the market value of your work. But your choice of lifestyle, your needs, etc, are strictly none of their business and it's exceptionally inappropriate for employers to act like your parents. Once you let these people "inspect your wallet," you are establishing an abusive relationship and will get hustled around the clock.
> you have basically handed your wallet to the "wallet inspector"
By accepting location-based pay, you concede that your employer has the right to treat you like a child receiving an allowance; that your remuneration is based on the lifestyle that they think is appropriate for you, and not on the market value of your work. But your choice of lifestyle, your needs, etc, are strictly none of their business and it's exceptionally inappropriate for employers to act like your parents. Once you let these people "inspect your wallet," you are establishing an abusive relationship and will get hustled around the clock.