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>It probably gets more clicks if you talk about pay cut and tension, but if companies are expected to compensate for higher cost of living, shouldn't they be eq
by bluntfang 6y ago
>It probably gets more clicks if you talk about pay cut and tension, but if companies are expected to compensate for higher cost of living, shouldn't they be equally expected to take it away if a person moves to lower cost of living.
If engineers are providing a tangible dollar value for their work, shouldn't they be paid what their work is worth and not paid relative to their cost of living?
- yumraj 6y agoNo. Compensation is always tied to local economy. That would imply that for identical work a person in SF would be paid the same as a person in let’s say India. That is great for the person in India if they get as much as the person in SF. But, what about the reverse, would a person in SF be OK getting the same compensation as the person in India? What about how much they can spend? Are the corresponding wages sufficient to live? You have to consider both cases, not just assume that everyone gets SF wages regardless of where they live. And the impact on local economies when these high earners go to low cost of living wages places and buy all the real estate? Will the locals be driven out? And so on.....