Paying the poor less and the wealthy more.
It makes no sense that two employees with the same workload and same credentials would get a different pay based on their primary address' geolocation.
Just off the top of my head :
- Employee resides at their rich parent's home and get a higher pay vs. employee move near their mother's elderly care center in a ghetto and dock their pay.
- Employee lives alone with no dependents in a high pay area vs. employee being a single-parent in a low pay area.
- Employee lives on a native reservation and get less pay.
- Employee lives in a co-location in a high pay area vs. employee lives alone in a low pay area.
- Employee has impressive credentials in a low pay area vs. employee with no credential living in a high pay area.
- etc.
This is nothing more than a loophole that allows you to give a bonus to employees living in high pay areas while keeping a clear conscience.
If anything, kudos for being open about the whole situation.
Interesting, but admittedly honest perspective from a CEO.
Money isn't everything, I've certainly taken a significant paycut to take a job I wanted and believed in. But I'd have to take a 50% paycut to work at Gitlab, so... no thanks. And worse yet, you'd openly pay a city dweller on my team twice as much to do the same work.