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The remote workers sell their talent at the global market where the highest bid is likely to be way above what a local market can offer. By the same reasoning,
by lykahb 5y ago
The remote workers sell their talent at the global market where the highest bid is likely to be way above what a local market can offer.
By the same reasoning, artists, writers, and athletes income should be capped too. Also, what is the alternative to the inequity? Collusion between the companies, similar to what was uncovered in the Google/Apple anti-poaching lawsuit? The state regulating the salary range, similar to the Soviets?
Remote employment at this scale is a new phenomenon. The market has not yet adjusted to it and reached the equilibrium. Likely, the salaries would reflect the global supply and demand more than the cost of living.