But we're not paid by CoL, rather, the job market. If I move to a very small but expensive village, I'm not going to get paid more than being in London. Silicon Valley is just a weird edge case where there's so much talent in one place that it's affecting CoL.
Regardless, there's always going to be a premium on in-person talent.
I don't understand your comment...What's your point here as it relates to remote employees? They by definition are not in the job market of "in-person" laborers, so shouldn't we confine the conversation to remote employees' comp?
Yes and no. If a company wants to pay less they typically calculate their reduction based on CoL. But I agree that it is doubtful they'd ever pay more.
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But we're not paid by CoL, rather, the job market. If I move to a very small but expensive village, I'm not going to get paid more than being in London. Silicon Valley is just a weird edge case where there's so much talent in one place that it's affecting CoL.
Regardless, there's always going to be a premium on in-person talent.
I don't understand your comment...What's your point here as it relates to remote employees? They by definition are not in the job market of "in-person" laborers, so shouldn't we confine the conversation to remote employees' comp?
Yes and no. If a company wants to pay less they typically calculate their reduction based on CoL. But I agree that it is doubtful they'd ever pay more.