341–350 of 385 posts
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> Your pay is based on the cost to hire your replacement. That’s it. Only in an imaginary world of perfect information and labor liquidity, which is about as far from what we have (and could have) as can be. Location-adjusted pay for remote US workers is indeed a social norm, proposed by some firms and accepted by enough of labor for it to work for them. It persists mostly because it exists and because there’s no org…
> Location-adjusted pay for remote US workers is indeed a social norm That's backwards, though. It's a social norm because it's the most workable solution. Firms that overpay salaries (defining overpay as paying far above the market rate in any given region) will not be able to afford as many employees / highest quality employees / as much marketing / as much downturn stability or runway / as much other investment as…
Why the market rate in any given region? Why not just the market rate?
You're unwilling to move to be paid more, or find a new job (which might be hard, as most companies are acting as a cartel).
Look up BATNA, and decide what you want to do about the situation - don't expect them to do anything about it.
I think that you can frame this issue the following way: the pay in country X, compared to a richer country like US or UK or Australia, is a function of cost of living in country X, but also "competition" in country X. Meaning, most other jobs like yours in country X pay at a certain level, which is maybe 1/2 or 1/5 of what you get in the US. But employer knows that, and therefore doesn't have to offer much more than that to convince you to take that job.
Some of what your boss is saying sounds like BS to me. But the hard truth is that you don't have a lot of options. An alternative could be to do freelance work for US-based customers. If you're really good at your job, you should be able to get close to, or even surpass, the pay of a salaried person like you in the US.
I can humbly suggest you to read some books or blog posts on career development. Most of them, IMHO, are not very deep or informational, but there are some gems in the mix. Sorry I don't have one to recommend.
Earlier quoted context omitted.
> Location-adjusted pay for remote US workers is indeed a social norm That's backwards, though. It's a social norm because it's the most workable solution. Firms that overpay salaries (defining overpay as paying far above the market rate in any given region) will not be able to afford as many employees / highest quality employees / as much marketing / as much downturn stability or runway / as much other investment as…
> Firms that overpay salaries (defining overpay as paying far above the market rate in any given region) Why the market rate in any given region? Why not just the market rate?
Earlier quoted context omitted.
> Firms that overpay salaries (defining overpay as paying far above the market rate in any given region) Why the market rate in any given region? Why not just the market rate?
There is no single one. Do you mean the market rate in the most expensive places to live in the world?
Earlier quoted context omitted.
> Firms that overpay salaries (defining overpay as paying far above the market rate in any given region) Why the market rate in any given region? Why not just the market rate?
There is no single one. Do you mean the market rate in the most expensive places to live in the world?
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> I'm just imagining this dude quitting and his manager suddenly realizing that no one else knows anything about the parts he worked on and how fucked they are now. I would bet its rarely a case. We like to think that we are irreplacable, but after our quit company/project is still moving on.
100%. I recently quit a job (FAANG) after 13 years and I thought I have so much institutional knowledge that mu departure would be impactful for at least a little while. And while I was under no illusion of my importance and did not expect any breakdown of the team or anything like that, I did think I would get at least ONE question after I left from my previous teammates about some obscure thing that I thought only…