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I suspect while most companies say location based pay is based on cost of living, this is not actually true. Amazon is quite upfront about this, they pay based
by tybit 6y ago
I suspect while most companies say location based pay is based on cost of living, this is not actually true.
Amazon is quite upfront about this, they pay based on cost of labor. I.e they pay what they need to get the staff they want in that area.
- ghaff 6y agoAnd cost of living is only one factor feeding into cost of labor. Tech companies tend to pay more in the Bay Area because, if they didn't, they'd have trouble hiring people. But they're probably not going to pay the same amount because someone chooses to live in Aspen. I honestly don't expect big changes--20% adjustments don't really qualify as "big." All the data I've seen suggests that most people will likely remain within at least a 1-2 day/week commute into an office.