6 ms·
Finding cheaper labor elsewhere further concentrates wealth. The only way to spread out the wealth would be to mandate the same salary across regions.
by minikites 5y ago
Finding cheaper labor elsewhere further concentrates wealth. The only way to spread out the wealth would be to mandate the same salary across regions.
- namdnay 5y agoThat sounds good, but how do you determine this new universal salary? It's either going to be absurdly over market (are you going to pay fresh grads in Hyderabad 150k USD a year?) or absurdly under market (are you going to pay fresh grads in Mountain View 30k USD a year?)
- gowld 5y agoSame way oil is priced, at the market clearing rate. Maybe it's $60K/yr and we have happy Indians and Romanians and no Californians.
- namdnay 5y agoYes indeed, at that price you could hoover up all the talent in India, China, Russia, Ukraine etc
- isbvhodnvemrwvn 5y agoYou won't get top talent in Ukraine for 60k.
- namdnay 5y agoFor fresh grads?
- isbvhodnvemrwvn 5y agoFor fresh grads yes, assuming they don't work for another US-based company.
- eru 5y agoYes. And how do you determine which two jobs are similar enough to warrant the same salary by law? Where do you draw the lines?