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Price is the intersection of supply and demand. The price you're willing to sell your time for might be lower if your cost of living is lower. It might not. Th
by duped 4y ago
Price is the intersection of supply and demand. The price you're willing to sell your time for might be lower if your cost of living is lower. It might not.
That's really all it comes down to - what the employer is willing to pay and what you're willing to accept. Value for what they get is secondary to that conversation.
- extragood 4y agoIt seems counterintuitive from the employer's perspective though in many cases. The best argument I found is that it expands the hiring pool. I think there's some issues in practice long-term with that argument, but regardless, they are voluntarily spending more on compensation for existing employees without getting any additional value out of it.