Re:Uber wants to cut costs by shifting its engineering to India
by ghaff on Saturday July 04, 2020 @12:08PM
(#23733192)
It's all interrelated though. If Silicon Valley CoL were more along the lines of the many Tier 2 areas where there is a lot of tech of various kinds, the big SV employers wouldn't have to pay as big a premium to get people to relocate. They'd still pay a premium to get the talent they want, but they wouldn't have to also basically cover the difference in housing costs needed.
But it's complicated. For that matter, you could argue that the perks of Bay Area weather and great number of employment options should make the Bay Area attractive even if the salaries weren't great relative to CoL. But there's enough competition among large employers who generate enough value per employee that they can afford to offer top-shelf salaries so they do so to entice the people they want.
To the last point, I don't expect dramatic short term changes. But to the degree that things tilt more in the direction of remote work and small distributed offices, I expect some equalization of salaries at least within the US.
But it's complicated. For that matter, you could argue that the perks of Bay Area weather and great number of employment options should make the Bay Area attractive even if the salaries weren't great relative to CoL. But there's enough competition among large employers who generate enough value per employee that they can afford to offer top-shelf salaries so they do so to entice the people they want.
To the last point, I don't expect dramatic short term changes. But to the degree that things tilt more in the direction of remote work and small distributed offices, I expect some equalization of salaries at least within the US.