4 ms·
He has a point – which is that with remote work proving feasible and high salary expectations on the coasts, a lot of companies will be looking for talent elsew
by sentinel 5y ago
He has a point – which is that with remote work proving feasible and high salary expectations on the coasts, a lot of companies will be looking for talent elsewhere – either in the middle of the country, or on the same timezones outside of the country.
He's not saying much though, because salary / benefits expectations and what a company is willing to offer are all part of the free market dance, which takes some time before it reaches a "final" state.
A company that will reduce salaries tomorrow will find itself in a difficult position – difficult to find new people, maybe bad publicity etc. But over time (years, a decade?), salaries will likely normalize due to companies hiring cheaper developers piecemeal.
Not all tech jobs are equal, and while some engineers will always be able to charge a premium, others won't. Similarly with good managers, PMs etc.
- commiefornian 5y agoThere's a couple layers of economics involved here. There's supply/demand for employees/jobs. Fewer employees and more jobs mean higher wages. But there's also ROI. If you can sell a year of an engineer's work for $1M, the difference between $50k in comp and $100k in comp looks pretty minor compared to having them to produce that value and not.
- sentinel 5y agoWhy do you think that’s not happening already?
- pixl97 5y agoA company that will reduce CEO salaries tomorrow will find itself in a difficult position – difficult to find new CEOs, maybe bad publicity etc. But over time (years, a decade?), salaries will likely normalize due to companies hiring cheaper CEOs piecemeal. Notice how that's never the conversation.
- sentinel 5y agoYou think CEOs get formed as easily as engineers coming out of a bootcamp?