Is this the new variation of value theory of labour?
Workers are just market participants, competing with other workers. One way they can compete is by lowering their living costs, so that they can get by for less and afford to offer their services for lower rates.
Likewise companies compete and try to make their products more affordable.
This is how we arrived at the situation of extreme surplus in Western countries. Not by some entity (or internet commentators) setting arbitrary price points for things.
> Is this the new variation of value theory of labour?
I'm very confused here. The value theory of labour is based upon time spent in labour, and not value produced.
The argument was if for whatever reasons, the value produced before moving to Arizona allowed the employer to pay a certain wage, the value provided to the company is still the same post-move, and wages should not change.
This has nothing to do with the value theory of labour, and the employer's stance here more or less aligns with an "input costs determine output" theory of value. This is beyond silly.
your worth to any innovative firm is definitely based on where you are located.
On an average, Long Run, By collaborating with Silicon Valley minds, in-person, you'll generate more value than sitting Remote or hanging out in North Carolina.
And Jeff and Sanjay wouldn't be like L11 or whatever ridiculous level they are if they hadn't achieved those things. There are already mechanisms for rewarding innovation and impact. Maybe remote workers will be less innovative and have less impact. That should be addressed in performance reviews, not through assumptions.
Workers are just market participants, competing with other workers. One way they can compete is by lowering their living costs, so that they can get by for less and afford to offer their services for lower rates.
Likewise companies compete and try to make their products more affordable.
This is how we arrived at the situation of extreme surplus in Western countries. Not by some entity (or internet commentators) setting arbitrary price points for things.