- pay $250K per child in college costs
- pay 25K/year in health insurance
- pay $3K/month for a small apartment
Btw that is a lot of incorrect assumptions about expenses, including where someone's children might want to go to college, globally fixed costs like work equipment and cloud services, not to mention goods which are actually cheaper in the US.
Also high competition for perceivably cheap candidates.
What I find more interesting though, is that remote first companies behave the same. way E.g. look at GitLab salary calculator[0]. How does that make sense assuming a rational market?
2500 USD to 15,000 USD
http://www.payscale.com/research/IN/Job=Java_Software_Develo...
The empirical formula for a new hire is $3000 * years of Experience. The median starting Salary is $4500 ~ $5000, and the salary usually caps out at $25000, and people above that payscale are usually considered architects.