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Currently, the market for location-based labor is deeper than the market for location-agnostic labor, so employers assume that their competition is local - and
by troydavis 6y ago
Currently, the market for location-based labor is deeper than the market for location-agnostic labor, so employers assume that their competition is local - and often it is.
That's less true for the top 20% or so of tech candidates. A person with known skills and a good network can obtain offers from multiple remote-friendly companies today. There's already a location-ignorant market for their skills (probably not at San Francisco comp, but also not at rural North Dakota comp).
As more remote jobs are available, more people will receive multiple remote offers, that is, they'll find a deeper location-ignorant market for their skills. Over time, one would expect this location-ignorant comp to settle around the actual value added.
(Longer explanation in a related thread: https://news.ycombinator.com/item?id=18900072#18903795 https://news.ycombinator.com/item?id=18900072#18903795)
- daenz 6y agoInteresting, thanks for the reading. I am tempted now to get a higher salary in an expensive location, work on-site and then remotely from that location, then quietly move away without telling anyone. As long as my hours are the same and work quality don't change, nobody should be the wiser.
- tyre 6y agoyou have to have payroll run in the state where you work so you couldn't do this without either updating with HR or tax fraud
- daenz 6y agoCost of living within a state can vary pretty greatly. eastern vs western Washington for example. Spokane vs Seattle: https://www.bestplaces.net/cost-of-living/spokane-wa/seattle-wa/150000 https://www.bestplaces.net/cost-of-living/spokane-wa/seattle...