Not wrong, but only half right. A very significant element of comp is about relationships, not skills or productivity or labor markets or other fictions people

Not wrong, but only half right. A very significant element of comp is about relationships, not skills or productivity or labor markets or other fictions people believe. In-person relationships are infinitely stronger, on balance, than remote. Remote talent will be cheaper than in-person talent, on balance, AND, in-person talent will always be comped better than remote. The way work is structured as tech continues to change will also reflect relationships, and low-relationship roles will continue to see their comp reduced. So, yes, the range of roles that can be comped less and are remote will grow, creating a much lower median. But in person relationship leverage will only get stronger. Hope that helps.