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> unskilled replaceable commodity That's a weird way to look at "we pay you X because you'd work for someone else otherwise". There's a middle ground between t
by MauranKilom 6y ago
> unskilled replaceable commodity
That's a weird way to look at "we pay you X because you'd work for someone else otherwise". There's a middle ground between that and "we pay you X because you create Y value for us".
Or in other words, if they have more people to choose from for a position (due to location being less of a limiting factor), they will be able to find someone accepting a lower wage. This is deeply unsurprising to me and has nothing to do with how skilled the labor is.
- motohagiography 6y agoTo frame it as companies paying people mainly as a way to impose opportunity cost on their competitors doesn't reflect the comment, normal economics, or growth. While remote work will flatten the market, it will flatten both sides of the market (employers v. staff). When you invest in a business, you pay people to manage it and deliver a yield. If you invest in a business to prevent another business from succeeding, that doesn't make any sense unless you are a government or state captured industry. If your skills and potential value is undifferentiated, sure, someone could undercut you, but if you have something of value to offer, price is much less of a deciding factor.