Earlier quoted context omitted.
This still puzzles me since most other remote companies of similar size and shapes offer much better compensation than Gitlab.
I can't speak for gitlab, but there is a strategy to not competing with higher salaries, even if you can afford it in some cases. You aren't necessarily losing the top talent because not all the top talent cares only about the money. And by not offering the highest salaries, you are naturally selecting for employees that care more about the culture and work/life balance than having the highest possible salaries. So i…
This is not quite true.
You're 'selecting' for all of the things that come along with offering lower salaries, which usually means losing the best talent.
All things being equal, it's rational for even a 'good staffer' to go to Google (or whatever).
And of course, the company saves money by paying people less.
I'm doubtful that there's any correlation between 'lower pay and commitment' once you normalize for talent.
If this is true, they could equally pay people more and get the same or better results.
Corporations speak in their self interest, and other people's interests to the extent it serves their own. If a company is paying less, it's probably because they can get away with it for one reason or another.