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A comment on GitLab Made $10.5M in Revenue with Every Employee Working from Home. Parent comment

Re:GitLab Made $10.5M in Revenue with Every Employee Working... by lotsofpulp on Tuesday November 13, 2018 @01:31PM (#18443414)
>I think I should be paid based on the value I bring to a company

People (like everything) are paid based on how much their replacements cost, aka supply curve meeting demand curve. I'm not sure how any other pricing mechanism would work.

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Re:GitLab Made $10.5M in Revenue with Every Employee Working... by gpm on Tuesday November 13, 2018 @01:37PM (#18443473)
Under this theory, if their replacement can come from a cheaper place than silicon valley they should get payed a lower rate than silicon valley employees.

I think the more accurate description is people are payed the amount they could get if they moved to a different company.

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Re:GitLab Made $10.5M in Revenue with Every Employee Working... by lotsofpulp on Tuesday November 13, 2018 @01:47PM (#18443588)
It's not a theory, it's how any market with voluntary buyers and sellers work. It's slightly more complicated with wages being sticky, but if Gitlab can get someone in Mississippi to work for half and get the same results as someone from SF, then they should (and do) do that. It's why manufacturing moved to China.
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Re:GitLab Made $10.5M in Revenue with Every Employee Working... by pookeh on Tuesday November 13, 2018 @05:12PM (#18445417)
Location is not a non-issue. What you are saying is only true if the company doesn't care if its employees are colocated or not.
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