[blackshaw]

That's not really what I meant though. I don't work for Google, but I imagine their "local market-indexed compensation" assigns a single weighting to London, even though the CoL within London varies by an order of magnitude (at least in terms of rent) depending on where exactly you live. If we take the location-based pay argument to its logical extreme, why introduce an upper limit?

(Yes, I know it's not really this simple. Just trying to provide some food for thought.)