No, it isn't. We don't place trust in corporations to bypass laws because they are taking care of their workers; we require corporations to follow laws in case they don't.
What would happen to you if your company flew you to Mumbai, set you up in an apartment and arranged for you to go to an office, and then went bankrupt before they could get you home?
You'd be responsible for airfare home, and that might or might not be a hardship for you.
Now consider the opposite case, with people from India being paid $1.21 an hour in SF. Can they even afford airfare home? Unlikely.
What would happen to you if your company flew you to Mumbai, set you up in an apartment and arranged for you to go to an office, and then went bankrupt before they could get you home?
You'd be responsible for airfare home, and that might or might not be a hardship for you.
Now consider the opposite case, with people from India being paid $1.21 an hour in SF. Can they even afford airfare home? Unlikely.