That’s like saying it’s the same thing if Freedom’s Just Another Word For Nothing Left To Lose Lady Shirt I ask when the new BMWs are hitting the dealership so I can look at one or asking a salesperson to my name on a waiting list, work up a quote and get me a loan application. Both show interest but they’re not quite the same thing. On the flip side, I know many people who are leaving the bay area and keeping their full compensation packages. These companies simply want to retain talent and don’t care about geographic market rates. (Without a promotion). It’s not as if tech workers are somehow forever immune to the forces that push down other people’s wages. They might have thought so but they’re going to be wrong.
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The problem isn’t that the person is worthless, but that there is Freedom’s Just Another Word For Nothing Left To Lose Lady Shirt more competition for the same job since now people who don’t live in the area can still work for the company. Competition drives down prices. Either you’re proposing COL adjustments derive from market-rate job competition or you’re talking about a different underlying compensation scheme than the parent. In either case, this isn’t an explanation for the dynamics being observed here. If people want to move away, keep their jobs, and make a bit less, it’s probably good for everyone.
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