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I think it’ll eventually lead to them being paid more, because now you can job search without as much risk to your current employment. Once we hit equilibrium a

I think it’ll eventually lead to them being paid more, because now you can job search without as much risk to your current employment. Once we hit equilibrium again and demand outpaces availability then they’ll be forced to pay competitive wages or deal with attrition.

echelon 3y ago
Or they'll hire overseas and LCOL. Everything is supply and demand. Now workers are orders of magnitude more sourceable and fungible, meaning the supply went way up. Wages will stop going up and even start to slide backwards for new hires. I've already seen it. I was making just over $400k at my last job, and new positions at the same level aren't listed over $200k total comp. And if hypothetically AI brings down demand in the future (big if), then the wage curve is under even further pressure.
- zappb 3y ago
  Companies already tried offshoring several years ago. It was a disaster for any core competencies, and companies already make extensive use of offshoring (and near shoring). This isn’t going to happen suddenly.
  - echelon 3y ago
    Education and talent is more widely distributed now, though.
  - RestlessMind 3y ago
    Several years ago, we didn't have remote working tools neither we had remote working cultural norms. All of those were forcibly established during the pandemic. So now is a different time for offshoring. I am seeing a lot of companies having headcount outside the US these days. If remote work works, then why even bother paying someone in the US?
- voidwtf 3y ago
  You’re not wrong, but I’m not talking about the highest end of the spectrum. I’m saying that as a whole I believe the employees will benefit. There are many that are underpaid right now because of wages scaled to the employees location. California and New York workers will lose out, I think the rest of us will see an increase when this normalization occurs.

echelon 3y ago

Or they'll hire overseas and LCOL. Everything is supply and demand. Now workers are orders of magnitude more sourceable and fungible, meaning the supply went way up. Wages will stop going up and even start to slide backwards for new hires. I've already seen it. I was making just over $400k at my last job, and new positions at the same level aren't listed over $200k total comp. And if hypothetically AI brings down demand in the future (big if), then the wage curve is under even further pressure.

zappb 3y ago
Companies already tried offshoring several years ago. It was a disaster for any core competencies, and companies already make extensive use of offshoring (and near shoring). This isn’t going to happen suddenly.
- echelon 3y ago
  Education and talent is more widely distributed now, though.
- RestlessMind 3y ago
  Several years ago, we didn't have remote working tools neither we had remote working cultural norms. All of those were forcibly established during the pandemic. So now is a different time for offshoring. I am seeing a lot of companies having headcount outside the US these days. If remote work works, then why even bother paying someone in the US?
voidwtf 3y ago
You’re not wrong, but I’m not talking about the highest end of the spectrum. I’m saying that as a whole I believe the employees will benefit. There are many that are underpaid right now because of wages scaled to the employees location. California and New York workers will lose out, I think the rest of us will see an increase when this normalization occurs.