Life is full of objectively bad things that nevertheless have a silver lining. It's good to look on the bright side when faced with problems you can not change, but it's important not to be fooled into thinking that these things aren't problems, especially when they are within your power to fix. That's how people wind up justifying all sorts of terrible situations like abusive relationships and terrible jobs.
I love using a bike to get around and do all of my daily activities. But I hate just riding around in circles for no purpose other than exercise or getting out of the house.
My wage is related to the work I do. How I choose to spend my money is a personal decision.
If you poll employees about literally any topic where one answer benefits them and the other answer doesn't, people are going to respond with a preference for the answer that benefits them.
But in the real world, they still have to go out and find that better job that pays more and doesn't factor their location into cost of living. They're out there, but there far more rare than these articles suggest.
So to summarize, your compensation could decrease because there are now a lot more people competing for your job. Or it could increase because there are a lot more companies competing for your services.
This is a common but fundamental misunderstanding of what determines your salary. Your salary is determined by the market, with the tacit assumption that the total revenue generated by your employment will exceed the total cost of your salary & other costs over the course of your career.
Location based adjustments are replacing this misunderstanding with a different misunderstanding which is roughly "The market rate for the position is determined by where *the employee* lives, not by the many others elsewhere that would be qualified by the job"
Put another way, I see my salary as the sum of the cost of the work that I do PLUS the costs associated with me getting the job done. Working from home is simply more economical (and my work/life balance is significantly improved).
Of course, given your preferences, it doesn't sound like they would have to pay you more to come in the office vs. working at home as long as they pay you what you think you are worth. That is, whether the job is remote or not doesn't affect your pay requirements. If enough people feel the same, then there won't be a pay discrepancy between remote and in-office jobs.
The problem is there are likely very competent engineers living in low cost of living areas who would gladly bid lower than your high "city salary" to maintain their preferred way of life.
Given two comparable candidates, the company will go with the one with the lower salary demands.
And there always have been. There’s always been a pool of labor either in the Midwest or Ukraine that companies could call on. Maybe trying to hire top talent while playing arbitrage on salaries either isn’t that easy, or isn’t worth the (relatively) small amount saved?
This leads to the phenomenon of cities, where a million shmucks try to do the same thing at the same times and drive up their own real estate prices in the process.
Contrast this with moving to a holiday home or holiday destination, probably with a vastly lower cost of living, or going away for a "weekend" but during odd days and missing all the traffic. Sounds amazing to me.
Interesting.
But it won't happen.
Or... you're not suggesting Indian engineers are worse, are you? Because that would be kinda racist.
On the other hand, someone living anywhere in India on the same salary (per contract) as someone living anywhere in the US is earning a higher net paycheque because CoL in India is lower.
Oh my! What should we do to resolve this?
So this being the case. Why does the Indian still earn less than the Silicon Valley peep?
Let's suppose such Indian engineer who lives in India and has the exact same skills as a Google California engineer (including English fluency) exists.
Why does he earn less than the Californian one? Because his Indian colleagues are not as good as him?
On the flipside, I'm sure you'd agree there are incompetent Californians, yet they earn more than highly skilled Indians.
Tell me how exactly that isn't racist.
There is something called Win-Win situation. Now you may call it management mumbo-jumbo. But what I see happening is if I save, say 15 hours of weekly commute and getting ready for work etc, I would be willing to take a cut that would seem reasonable based on my money/leisure need. If I keep looking at company's benefit and not mine (or maybe I have none) then of course pay cut seems insulting.
There might be faster career progression for in office people though, and that will be a harder and longer thing to quantify.
It seems a lot of people disagree with you:
> In an accompanying survey of more than 1,200 technology professionals, Hired found that 75% of employees would begin looking for a new job if their salary were to decrease, while 45% of candidates disagreed with using the cost of living of the employee's location as a baseline.
https://www.zdnet.com/article/tech-jobs-salaries-are-flatten...
I'm one of them. If my work is bringing in $X in revenue whether I'm sitting in a chair in an office building you're leasing or at home, I don't see why my share of that should be any less.
Put another way, if I'm worth $Y to you sitting in an office, and I can accomplish the same work at home, from anywhere, just as effectively, why should I get paid any less?