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> This makes no sense. It makes a ton of sense. Salaries are based on supply/demand, like any other marketplace. Workers in LCOL areas have less options for
by Mikeb85 5y ago
> This makes no sense.
It makes a ton of sense. Salaries are based on supply/demand, like any other marketplace. Workers in LCOL areas have less options for high pay so you can offer them less money and they'll likely accept it.
- tzs 5y agoThe point is that when it comes to full time remote work workers in LCOL areas and workers in HCOL areas are in the same marketplace selling the same product.
- joshuamorton 5y agoAnd the counterpoint is that there are few enough companies offering sv salaries to remote workers in Topeka that it doesn't matter. Put another way, if you live in X location your job market is local jobs + remote jobs. The remote jobs are constant everywhere, so there's a relatively high demand. Unless the remote market absolutely dominates the local market, remote jobs can still compete with local ones.
- Mikeb85 5y agoBut wherever there's an arbritage opportunity, people take it. If you're offering your services for $500k but you live in NY, I can move to say, Ukraine, and charge only $400k, undercutting you to get the job. There's no point holding out for more when I can accept less and give myself a better chance of getting the job.