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This should be reversing because the internet grants us easy access to this data, so market signals should be forming, but it isn't reversing, which is suspicio
by 0xDEFC0DE 7y ago
This should be reversing because the internet grants us easy access to this data, so market signals should be forming, but it isn't reversing, which is suspicious. Getting the data is harder, but we do already have data sets to compare to (and can apply inflation, CoL, other adjustments as time goes on).
The only real reason for zip-code adjustments would be some labor-related, CONUS, or state laws that I'd be unfamiliar with.
If I deliver the same business value as a Silicon Valley engineer, and you're paying me less, I'm getting arbitrage'd.
- abj 7y agoI agree, if we're getting paid differently based on zip code but producing the same business value we're getting arbitrage'd. The question is; how do we as developers make money off this market inefficiency? We have a few options. 1. Negotiate better salaries. This is only possible when the purchasing price of the next best developer also increases. This already happens in the Bay area market. It is happening slower outside the Bay. 2. Start own our business. We hire the best developers at a higher rate which raises the market rate for a developer. This is happening in the Bay but much more slowly outside. 3. Move to a better geographic market. A lot of people who can chose this. Developers probably can't exploit/correct this market because we have no way of directly/quickly making profit from the price difference. I would love for developers to capture a larger share of the value they create. Does anyone have any ideas on how to restructure the incentives of the market to make this happen? (Cooperatives?)