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I doubt it. I've worked for companies with remote cultures and generally the way it is done is regions are encoded based on cost of living. This creates the sal
by nemo44x 6y ago
I doubt it. I've worked for companies with remote cultures and generally the way it is done is regions are encoded based on cost of living. This creates the salary band and people with the same job title/level will be paid differently based on this. Generally equity is not considered though, only salary.
Who knows what will happen over some time if this really becomes big. Lots of people will leave the Bay Area and the cost of living will drop, in some places dramatically. Those 2m starter homes will get cut in half or more if this becomes wide scale.
Regardless, companies will still want to attract and recruit the best people they can and if that means having to hire from an expensive zone then they will. Or their competitors will and they'll be out competed. If anything though, over enough time if this becomes the norm than I'd expect places like the Bay Area to see the cost of living decline.
- Cookingboy 6y ago>Those 2m starter homes will get cut in half or more if this becomes wide scale. And then people will start moving in because CoL is suddenly cheaper and they get to enjoy all the nice stuff Bay Area offers without suffering through the daily commute...then CoL will rise again. Then the top companies' headquarters will still be here, and there will still be a heavy premium placed on top of physical presence, especially for management/senior level employees, in fact I wouldn't be surprised to see the average income going up in areas like the Bay Area after the lower level rank and file employees move out.