[vbtemp]

I don't think anyone knows the right answer.

Try it. Maybe they'll stick around. Maybe they'll stick around and be disgruntled. Maybe they'll leave and find another job that isn't trying to cut their pay

Just let it happen and see what the attractor becomes for this large, dynamical system.

[lotsofpulp]

The right answer is whatever price lets you sell a product at prices that people will buy.

Company A that keeps paying SF level pay competing against Company B that lowers its payroll costs might be at a disadvantage if it can’t price products low enough to compete with company B.

Of course that depends how interchangeable products from company A and B are, but obviously for things like clothing, plastic products, and electronics, US companies could not afford to be competitive while paying US wages.

So far, software companies have been spared this international competition due to the lack of similar quality products from elsewhere, but that doesn’t need to be true forever.

[p0llard]

> Just let it happen and see what the attractor becomes for this large, dynamical system.

I think the problem with this stance is that "this large, dynamical system" actually determines whether people have food to eat. Playing experiments with the labour market is extremely unethical in my opinion.