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One thing that cost of living calculators don’t account for: “living” isn’t the only thing you’re doing. You’re also saving and investing. Companies should prob
by baron816 6y ago
One thing that cost of living calculators don’t account for: “living” isn’t the only thing you’re doing. You’re also saving and investing. Companies should probably adjust your pay by a fixed amount, rather then by a percentage.
- randomdata 6y agoRealistically, companies should probably pay what the market demands. The engineer with ties to Wyoming is used to making $50,000 per year. You offer him $60,000 – a substantial pay bump – and he's over the moon, ready to jump ship from his current job. Why pay the former SV engineer who moved to Wyoming $200,000 when you can get the same thing for $60,000? When we used to think being in an office in the heart of the Valley was important, $200,000 was the cost of getting someone into the office. But now that we've decided the office wasn't all that important after all, the rest of the country (and world) are ready to moderate things.