I transferred out of the Bay Area a year ago, and my FAANG salary was cut 15%. For them, salaries are based on “Cost of Labor”, or the cost of getting a person

I transferred out of the Bay Area a year ago, and my FAANG salary was cut 15%. For them, salaries are based on “Cost of Labor”, or the cost of getting a person to join in that area, not “Cost of Living”. I’m still doing just fine.