3 ms·
That's not how companies see it. They are not responding to high COL. They are responding to competition for talent from other companies. Competition -> high
by lokar 6y ago
That's not how companies see it. They are not responding to high COL. They are responding to competition for talent from other companies.
Competition -> high pay
high pay + zoning rules -> high COL
- throwaway0a5e 6y agohigh pay -> solve all your big problems -> biggest problem is your neighbor -> zoning rules -> high col -> only wealthy people can live there -> companies that hire wealthy people set up shop nearby -> competition for workers increases pay -> goto(1)
- keiferski 6y agoThe baseline salary is still based on the cost of living, which is my point. Competition doesn’t drive salaries into the stratosphere entirely by itself, especially in a market with a fairly large supply of workers.