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The idea of a company paying based on the cost of the locale is just another way of saying “what’s the lowest we can pay people for these skills compared to wha
by simonbarker87 6y ago
The idea of a company paying based on the cost of the locale is just another way of saying “what’s the lowest we can pay people for these skills compared to what else they can get locally?” and divorced from how much value they bring to the company. Sadly, for these companies, local just got a whole lot broader and they will need to pay more to get the talent they need to stay competitive.
- mensetmanusman 6y agoIn your life, I’m sure you try to pay as low as you can for things. Have you ever said ‘no, I will pay more for this car because its value to my life is higher than $10k’ ? Remote work is great, because it’s making a more free-market. It’s almost like we immediately recovered the mobility that the population used to have overnight. This will also mean that you are competing with 10x more people, so wages may go down because of that fact.
- Dma54rhs 6y agoI assume fair amount of these startups service Mexican market and local people. What do you expect them to do, charge locals the US prices? If you don't have that insane SV investor money to burn it makes them struggle.