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>> The "why don't they just pay everyone SV salaries everywhere" argument is obviously from people who never ran businesses and are just disguisedly wishing the
by syshum 5y ago
>> The "why don't they just pay everyone SV salaries everywhere" argument is obviously from people who never ran businesses and are just disguisedly wishing they made more money: saving money on salaries is done for the same reason companies do tax-related shenanigans.
Salaries like anything are market based prices. Why are salaries different in SV over MidWest, is same reason a BigMac in SV costs more than in the MidWest..
WFH opens up the pool of employee's to a much larger scale, the more people that can do the same job the lower the wage for that job will be
People however do not want to look at labor as marketable good like a widget, they want to view labor as something else, its not.