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I don't think we as a country have figured out cost of living adjustments to compensation and taxes in general. I know first hand that there are certain jobs th
by perseusprime11 10y ago
I don't think we as a country have figured out cost of living adjustments to compensation and taxes in general. I know first hand that there are certain jobs that pay you very similarly no matter where you are. So the guy in NYC pays more in taxes and cost of living while the gal in Texas saves a lot more especially with no state income tax, low property taxes, and lower cost of living.
- reacharavindh 10y agoI agree. Thinking about it, I made a conscious choice to stay at my current job in the east coast for this reason. (Nett money I could save was higher even with a lower pay than bay area). But, the impact of such variation only contributed to some decisions like mine, but not viability of jobs. I wonder what impact having access to viable H1B labor force would do for CA and expensive cities vs rest of the US.
- marcosdumay 10y ago> I don't think we as a country have figured out cost of living adjustments to compensation and taxes in general. I'm not sure you should. There's a reason for the cost of living to change so much from one region to another, and compensating that change with government money can have severe economic impacts.
- perseusprime11 10y agoAren't we already compensating by virtue of tax deductions at federal level and allowing certain states to not tax income?