Wages tend to be set by "the market," not by how much money the company is making. Companies will pay as little as they can get away with, maybe a tiny bit more

Wages tend to be set by "the market," not by how much money the company is making. Companies will pay as little as they can get away with, maybe a tiny bit more than their competitors, but that's it. I work in a company where employees are distributed globally. Certain timezone and language coverage is needed. Guess what? The employees that live in low cost-of-living areas get paid less money for doing literally the same work. On one hand, it's nice that the company acknowledges rent/mortgages cost more in certain areas and that will eat into employees' paychecks, but on the other hand, it is painfully clear that the value I produce for my company is hardly related to my paycheck. My paycheck is determined by what similar workers in my field are being paid in my area. That's it.