Wouldn’t this mode breakdown when more than two companies want a given remote employee? Presumably companies paying Bay Area salaries and still making healthy profits means that they can afford to pay high salaries irrespective for talent.
This seems to be true insofar as companies can’t collude, either implicitly or explicitly, to suppress remote wages.
This is something I've thought about a lot, and I haven't found a satisfactory answer to it. My hypothesis is that those employees who can exert that leverage probably do win, but they keep it under their hat, and so do the companies.
Comments
Wouldn’t this mode breakdown when more than two companies want a given remote employee? Presumably companies paying Bay Area salaries and still making healthy profits means that they can afford to pay high salaries irrespective for talent.
This seems to be true insofar as companies can’t collude, either implicitly or explicitly, to suppress remote wages.
This is something I've thought about a lot, and I haven't found a satisfactory answer to it. My hypothesis is that those employees who can exert that leverage probably do win, but they keep it under their hat, and so do the companies.