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This isn't right: Google and similar companies pay based on the local market and not cost of living. London is a great example: high cost of living, low market
by jefftk 7y ago
This isn't right: Google and similar companies pay based on the local market and not cost of living.
London is a great example: high cost of living, low market rates for top talent, low pay from the FAANGs.
Pittsburgh is an example in the other direction: low cost of living, relatively high market rates, relatively high pay from the FAANGs. Still lower than the Bay though.
- 3fe9a03ccd14ca5 7y ago> This isn't right: Google and similar companies pay based on the local market and not cost of living. These factors are intertwined.
- jefftk 7y agoThey're related, but we can pull them apart by looking at examples like the ones I gave where cost of living is high but the market rate is not, and the reverse.