Nonsense. Fair pay is determined by a number of factors including local cost of living. A number on it's own is meaningless. There is a difference between price

Nonsense. Fair pay is determined by a number of factors including local cost of living. A number on it's own is meaningless. There is a difference between price and value, otherwise there would be no difference in cost of living (a liter of milk would cost the same in any country, but it doesn't). Let's say the cost of living in Cracozia is 1/3 of that in San Francisco. If you pay an engineer in Cracozia the same as one in San Francisco, then the engineer in Cracozia is making 3x the amount in relative terms, e.g., instead of say $150k in SF dollars, you'll be paying him what amounts to $450k in Cracozia dollars relative to his own domestic market. Let's say the cost of living in Luxurbourg is 3x that of San Francisco. If you pay an engineer in Luxurbourg the same as one in San Francisco, then the engineer in Luxurbourg is making 1/3 the amount in relative terms, e.g., instead of say $150k in SG dollars, you'll be paying him what amounts to $50k in Luxurbourg dollars relative to his own domestic market. This blog post rests on a thick, greasy layer of schmaltz.