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by trentnix
2025 days ago
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I'm not sure it's relevant. It's not as if remote options haven't been available for a long time. The wages in San Francisco aren't determined explicitly by cost-of-living, they are determined by the scarcity of availability of the right resources. Businesses found it necessary to exist in Silicon Valley because it provided certain benefits, and businesses found it necessary to have on-premises employees because it provided certain benefits. Since California won't allow any on-premises anything, the cost-benefit of being in the Valley and having people in the office is being reset. But if your skills and aptitude are scarce, there's no reason to believe wages won't continue to reflect that. And if your skills and aptitude aren't scarce, you were overpaid in the first place. |
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