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A comment on Wall Street grudgingly allows remote work as bankers dig in. Parent comment

Re:Wall Street grudgingly allows remote work as bankers dig in by EMM_386 on Wednesday November 24, 2021 @08:43PM (#29337378)
> 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?

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.

[ Parent | on HN ]
Re:Wall Street grudgingly allows remote work as bankers dig in by kristianc on Thursday November 25, 2021 @12:23AM (#29338445)
> 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.

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?

[ Parent | on HN ]