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> Location is a factor though. If you live in the middle of nowhere, your chances of finding another job are low. If you live in SF, your chances of finding ano
by troydavis 8y ago
> Location is a factor though. If you live in the middle of nowhere, your chances of finding another job are low. If you live in SF, your chances of finding another job are high (because most jobs are still in person jobs). That is why location matters.
This is only true as long as remote jobs are so rare that the candidate is unlikely to find an employer who will pay non-location-adjusted compensation (even if that comp is midway between Bay Area-adjusted and Asia-adjusted comp), or more directly, to pay based on value added.
And… that statement is already not true for great (top 20th percentile?) candidates, and trending towards not true for candidates in the middle of the Bell curve. That is, a person with known skills and a good network can obtain offers from multiple remote-first/remote-friendly companies today. There's already a location-ignorant market for their skills.
As more remote jobs are available, more people will get multiple remote offers, that is, they'll find a location-ignorant market for their skills. The clearing price for their skills will trend towards the value they're perceived to add, even if it takes 5 or 10 years to get there. That perceived value isn't location-adjusted, particularly for remote-first companies trying to hire the best candidates or to hire as many great candidates as they can find (rather than to save compensation expense).
- jedberg 8y agoI agree completely. As there are more remote jobs, this will apply less and less. At which point I suspect you'll see a bimodal distribution, much like you see with in person jobs today. There will be the "location independent" companies that pay top dollar, and then everyone else who pays a "global market average". Top candidates will get the top pay, and everyone else, even if they live in the Bay Area, will have to fight for the "global market" rate jobs, meaning it won't be feasible to be a programmer in the Bay Area anymore (barring a solution to the California housing crisis).