Facebook to shift permanently toward more remote work after coronavirus

Re:Facebook to shift permanently toward more remote work aft... by keiferski on Thursday May 21, 2020 @01:54PM (#23262056)

I don’t know why this opinion is so widespread. The only reason why salaries are so high in the Bay Area is because of the high cost of living. If companies didn’t factor COL into salaries, it’s likely that they’d be lower across the board.

In fact, developers everywhere benefit from the high salaries of the Bay Area, as it sets the general expectation for the profession.

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Re:Facebook to shift permanently toward more remote work aft... by lokar on Thursday May 21, 2020 @01:56PM (#23262108)

That's not how companies see it. They are not responding to high COL. They are responding to competition for talent from other companies.

Competition -> high pay

high pay + zoning rules -> high COL

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Re:Facebook to shift permanently toward more remote work aft... by keiferski on Thursday May 21, 2020 @02:30PM (#23262759)

The baseline salary is still based on the cost of living, which is my point. Competition doesn’t drive salaries into the stratosphere entirely by itself, especially in a market with a fairly large supply of workers.

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Re:Facebook to shift permanently toward more remote work aft... by throwaway0a5e on Thursday May 21, 2020 @02:13PM (#23262467)

high pay -> solve all your big problems -> biggest problem is your neighbor -> zoning rules -> high col -> only wealthy people can live there -> companies that hire wealthy people set up shop nearby -> competition for workers increases pay -> goto(1)

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