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>> This whole approach of paying what the local market offers, rather than what the job is worth kinda sucks. I mean, it does and it doesn't. In my limited exp
by NikolaNovak 5y ago
>> This whole approach of paying what the local market offers, rather than what the job is worth kinda sucks.
I mean, it does and it doesn't. In my limited experience, it works both ways almost exactly the same percentage of time.
- Developers who want to move and work remotely in low cost areas but want to keep high salary
- Employees of any kind who move to a bigger city and want cost-of-living wage increase, even though their job is the same
Further more, "What job is worth" is so incredibly dependent on the market, I don't even know what other feasible (as opposed to theoretical) definition there may be. "Paying what the local market offers" and "what the job is worth" might as well be synonyms in a practical sense.
OTOH, Anybody who wants to say we should pay salaries based on global market, should be aware that vast vast vast majority of developers worldwide get tiny fraction of SV salary. Even up here in frozen Canada, I have zero understanding of the salaries HN team members post. My understanding is that UK is similar - and that's without going to Easter Europe, or any other continent.