4 ms·

> This whole approach of paying what the local market offers, rather than what the job is worth kinda sucks. What is the job worth? Outside of sales (or dealin

> This whole approach of paying what the local market offers, rather than what the job is worth kinda sucks. What is the job worth? Outside of sales (or dealing with money directly like finance), it becomes hard to pin an exact $ value on the worth of a particular job. The reality is, almost all salaries are market based. What I expect to see over time as more companies move remote, is for the salaries to normalize to a country/region market which means less money in SF, but more if someone lives in the south.

enriquto 5y ago
> What is the job worth? Total profit divided by the number of employees?
- chrischen 5y ago
  That’s a very generous way to calculate it, but that is not market rate.
  - falcolas 5y ago
    Of course it's not the market rate... it's generous after all.
- lupire 5y ago
  what about contractors and vendors?
- BeetleB 5y ago
  So, everyone gets paid the same?
  - enriquto 5y ago
    It's just an approximation, which should be correct up to an order of magnitude. I guess it's alright if there's a factor of 5 between the highest and lowest paid employees.
    - soco 5y ago
      Rather it's in average 351-to-1 (in 2020) as the highest paid employee would be the CEO.
- itsdrewmiller 5y ago
  So most jobs at Amazon were worth nothing for many years?
  - enriquto 5y ago
    No. People who worked there then and left are being robbed today of the fruit of their work.
jjav 5y ago
> What is the job worth? Doesn't matter. Pay is set by what they need to pay you to keep you in that seat. Company will (rationally, from their perspective) pay you the least possible that won't make you walk out. Viewed that way, it is inherently location-based. I'd be more than happy to stay for, say, 100K if I live in a very cheap area since that's enough to live very very well. But if I'm in silicon valley it'd better be more like 300K due to cost of living.

enriquto 5y ago

> What is the job worth? Total profit divided by the number of employees?

chrischen 5y ago
That’s a very generous way to calculate it, but that is not market rate.
- falcolas 5y ago
  Of course it's not the market rate... it's generous after all.
lupire 5y ago
what about contractors and vendors?
BeetleB 5y ago
So, everyone gets paid the same?
- enriquto 5y ago
  It's just an approximation, which should be correct up to an order of magnitude. I guess it's alright if there's a factor of 5 between the highest and lowest paid employees.
  - soco 5y ago
    Rather it's in average 351-to-1 (in 2020) as the highest paid employee would be the CEO.
itsdrewmiller 5y ago
So most jobs at Amazon were worth nothing for many years?
- enriquto 5y ago
  No. People who worked there then and left are being robbed today of the fruit of their work.

jjav 5y ago

> What is the job worth? Doesn't matter. Pay is set by what they need to pay you to keep you in that seat. Company will (rationally, from their perspective) pay you the least possible that won't make you walk out. Viewed that way, it is inherently location-based. I'd be more than happy to stay for, say, 100K if I live in a very cheap area since that's enough to live very very well. But if I'm in silicon valley it'd better be more like 300K due to cost of living.