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While tying paychecks to cost of living may appear to be equitable at a surface level, in reality you end up rewarding some workers who insist on living in an e
by ralmidani 6y ago
While tying paychecks to cost of living may appear to be equitable at a surface level, in reality you end up rewarding some workers who insist on living in an expensive area and, in a sense, force those who are willing to live in less expensive areas to subsidize their colleagues’ expensive lifestyles.
- Spivak 6y agoTrue but there’s a balancing dynamic in play. Living in a high CoL area is an advantage to you because you win when paying fixed expenses and world rates. Living in a low CoL area gives you an advantage because you will cost the company less and are more likely to get the job. Big brain play is to find a company that has a policy like this and move up in the world.