Ask any owner why their VA quit and you'll hear the same answer. They got a better offer somewhere else.
It's a comfortable excuse. It means the market took your team, not you. But that's rarely what actually happened, and chasing that excuse pushes owners toward the wrong fix: a raise.
Raises don't solve retention. They can't. There's always someone out there willing to pay a dollar more, and you cannot win a bidding war against every company on earth. If money is the only thing holding your team together, you're one better offer away from losing them, every time.
What actually keeps a remote team isn't money. It's you. Your leadership, your momentum, and whether the people working for you believe their situation is actually going somewhere.