4 ms·

So dumb to pay according to where you live. Fun fact: VCs own lots of corp and residential real estate. They want to drive people to live in their areas, pay m

So dumb to pay according to where you live. Fun fact: VCs own lots of corp and residential real estate. They want to drive people to live in their areas, pay more but houses cost more and it’s just a big con

01100011 2y ago
It's not just VCs. Do you think your manager wants their home value to go down? They just paid $2.5 million for that 70 year old box of aluminum wiring, lead paint and asbestos and they sure as hell want to sell it for more when they retire.
rtpg 2y ago
People say this as if there’s some conspiracy. But I think the uncoordinated explanation is just that annd top executives often operate in a world where informal quick access to a bunch of powerful people is important. And in that universe it simply makes sense to have people be in the same place. And beyond that, in their eyes… why wouldn’t you want to live in these wonderful cities? Why wouldn’t you want to be in the office and work through things? These are people who self select through working being their life so they barely conceptualize alternatives In the same way you can’t conceptualize why someone would want to be in the office, they can’t conceptualize why you wouldn’t.
fragmede 2y ago
What's juvenile is not knowing how prices get set, which leads to an oversimplified world view, which leads to thinking that location-based pay is "dumb". To price something, you take what it costs to make the thing, throw that out the window, and make up a number based on vibes. If you're lucky, that number is bigger than what it costs to make it, and the business grows. but if you've made crap, or any of a million other reasons why people aren't buying your stuff, then you have to sell it for less than it costs to make it, and the business might be in trouble.

4 ms·

So dumb to pay according to where you live. Fun fact: VCs own lots of corp and residential real estate. They want to drive people to live in their areas, pay m

by zombiwoof 2y ago

01100011 2y ago
It's not just VCs. Do you think your manager wants their home value to go down? They just paid $2.5 million for that 70 year old box of aluminum wiring, lead paint and asbestos and they sure as hell want to sell it for more when they retire.
rtpg 2y ago
People say this as if there’s some conspiracy. But I think the uncoordinated explanation is just that annd top executives often operate in a world where informal quick access to a bunch of powerful people is important. And in that universe it simply makes sense to have people be in the same place. And beyond that, in their eyes… why wouldn’t you want to live in these wonderful cities? Why wouldn’t you want to be in the office and work through things? These are people who self select through working being their life so they barely conceptualize alternatives In the same way you can’t conceptualize why someone would want to be in the office, they can’t conceptualize why you wouldn’t.
fragmede 2y ago
What's juvenile is not knowing how prices get set, which leads to an oversimplified world view, which leads to thinking that location-based pay is "dumb". To price something, you take what it costs to make the thing, throw that out the window, and make up a number based on vibes. If you're lucky, that number is bigger than what it costs to make it, and the business grows. but if you've made crap, or any of a million other reasons why people aren't buying your stuff, then you have to sell it for less than it costs to make it, and the business might be in trouble.