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Everyone has a price... If there are experts out there that fit your need but you can't attract them because you aren't paying enough then you should increase y
by djb_hackernews 11y ago
Everyone has a price... If there are experts out there that fit your need but you can't attract them because you aren't paying enough then you should increase your offer. Supply will meet demand.
- dangrossman 11y agoBusinesses don't have infinite resources to hire workers, and most workers old enough to truly be experts are not going to relocate easily. 1x, 2x, even 3x market wages won't be enough to move someone that's already earning a comfortable wage, likes their job, and has roots (a home, a spouse that likes their job, children in school, family nearby) in their current community. No single digit multiple of market wages would get me to move to Silicon Valley, let alone the middle of West Virginia.
- finance-geek 11y agoLuckily, you are just one person. Here, we're speaking about an entire market. And yes, 2x and 3x market wages would absolutely cause major shifts in labor. Even < 2x market wages would accomplish this. It already happens the other way, 1.5x and 2x market wage multiples drive flow of skilled engineers from California to Wall Street.