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Pay is loosely related to the value you provide, but also to the balance of supply and demand for a role and a place. You simply can't attract a person from a h
by lars512 5y ago
Pay is loosely related to the value you provide, but also to the balance of supply and demand for a role and a place. You simply can't attract a person from a high cost-of-living place without paying them a higher salary.
Companies explicitly factor this into their salary mix, e.g. check Buffer's formula https://buffer.com/salaries https://buffer.com/salaries
It's not necessarily how I'd wish things, but it seems to be the reality of the job market.