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> “It means raising engineer salary to match the higher cost of living ("cost of living adjustment") is pointless Precisely. And companies don't do this. Price
by acchow 8y ago
> “It means raising engineer salary to match the higher cost of living ("cost of living adjustment") is pointless
Precisely. And companies don't do this. Price differences are decided by negotiation. It happens in the labor markets.
- Spivak 8y agoCompanies absolutely do this, it's usually just not explicitly stated. When cost of living goes up the minimum compensation a given person is willing to accept goes up so salary ranges go up. If you mean companies don't adjust for CoL for current employees well... yeah, wages are sticky.