So, a nurse or teacher provides a very valuable service, no doubt. Salaries won't naturally go up until availability goes down.
By demanding to be paid closer to the value you create you're not robbing nurses from their unfairly small salaries, you're demanding a few more crumbs from the pie shareholders are taking.
Engineers aren’t asking to be paid the value they create, they’re just objecting to pay cuts for physically moving while doing the same job.
I can think of a few other alternatives:
- some new "remote workers" market that doesn't exist at the moment
- the pay of the lowest paid region in the world
- the pay of the highest paid region in the world
I can't see the last option being reasonable in any way, and the second option also doesn't seem like it would work in practice. My guess is you'd see something in between the first two.
This would take a long time to stabilize, so it's not straightforward for companies to implement I think?
That being said, I still do much better than I would with local employers, and I like not stressing out about heavy liabilities.
While ignoring that their pay in their current location was as a consequence of a location specific market, while if the market becomes the whole of US, the market rate will obviously change.
If you have to discard this for the argument to hold water, it is a bad argument.
So we see this "pay me, but no-one else, for the value I create" nonsense, as though programmers alone should be exempt from the dynamics of supply and demand.
If we're going to go down this path, then let's pay nurses and doctors for the value they create, which has been proven to be extraordinarily substantial this year. Let's pay supermarket cashiers, truck drivers and shelf-stackers - the people who had to literally risk their lives so that the rest of us could have food available during this pandemic - for the value they created in the rest of us not starving. Let's pay child care workers and teachers for the value they create, which I wager will often be far greater than what some programmers contribute.