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The Wage Gap 2

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Re: The Wage Gap 2

#21

Post by BlargMcLarg »

mym1990 wrote: post #17
BlargMcLarg wrote: post #9

Earlier quoted context omitted.

Ultimately, I'd be far, far more concerned about a race to the bottom. That race to the bottom is possible regardless of location-based pay or not. Once people discover how to navigate remote work across big timezone differences en masse and mentality shifts, things will truly get interesting.

Is this from a consumer or producer standpoint(or both)? A race to the bottom ultimately hurts everyone. In a simplistic world, if wages go down, people will consume less, causing decreased revenue. Its in the best interest for companies to have a competitive wage floor that still allows for quality goods and services to be created. Remote work will certainly shift dynamics, I am quite interested in if the concept of…

Consumer. And frankly, I believe most producers do not realize it will hurt everyone, or are hoping some form of automation/AI will take off so they can massively minimize the downsides.

Re: The Wage Gap 2

#22

Post by hollywood_court »

pyrodactyl wrote: post #20
malfist wrote: post #2

I'm one of those "discriminated" against here. I live in kentucky, work for a FAANG company. My employer pays me less because of that, and you know what? I'm okay with that. My discretionary income after housing and basic living expenses are removed is way higher than that of someone in a HCOL area. I have a 3300 sqft house that was built in the last 10 years and a quarter acre of land. That costs me $1400/month. If…

I am the original poster from the post linked in this article. I know these as a fact that a comparable property in my city would cost me much more than what you're paying. All the while I'm getting payed less than half of my colleagues living in your area. And there are many other costs that are comparable eg. electronics, vehicles and education. All this is to say that location based pay is not about cost of living…

Can we see some sources for those "facts" please?

Re: The Wage Gap 2

#23

Post by malfist »

pyrodactyl wrote: post #20
malfist wrote: post #2

I'm one of those "discriminated" against here. I live in kentucky, work for a FAANG company. My employer pays me less because of that, and you know what? I'm okay with that. My discretionary income after housing and basic living expenses are removed is way higher than that of someone in a HCOL area. I have a 3300 sqft house that was built in the last 10 years and a quarter acre of land. That costs me $1400/month. If…

I am the original poster from the post linked in this article. I know these as a fact that a comparable property in my city would cost me much more than what you're paying. All the while I'm getting payed less than half of my colleagues living in your area. And there are many other costs that are comparable eg. electronics, vehicles and education. All this is to say that location based pay is not about cost of living…

If you're paid 50% of what your HCOL breathern are being paid, and living in a higher cost of living than myself, then perhaps it's not location that's the culprit here.

I don't know any company that has a location based pay differential that ranges into 50%.

Re: The Wage Gap 2

#24

Post by pyrodactyl »

hollywood_court wrote: post #22
pyrodactyl wrote: post #20

Earlier quoted context omitted.

I am the original poster from the post linked in this article. I know these as a fact that a comparable property in my city would cost me much more than what you're paying. All the while I'm getting payed less than half of my colleagues living in your area. And there are many other costs that are comparable eg. electronics, vehicles and education. All this is to say that location based pay is not about cost of living…

Can we see some sources for those "facts" please?

A comparable sized property listing https://www.nobroker.in/property/buy/4-bhk-apartment-for-sal...

For electronics and vehicles you are free to google iphone and mercedes prices in India vs Us. Its especially higher if I want specific items to import like framework laptop, fairphone, tesla car

Private education can get very expensive very quickly too. Public schools are not even an option as they don't even have furniture sometimes.

You might say remaining costs are low, but they are low only if we use uncertified, unskilled, low quality services/labor. For even decent quality of work the prices will be in multiples.

About my comment about being payed half, the pay scales are visible to everyone in the company so I know that the least in the US also gets payed 2x of my location

Re: The Wage Gap 2

#25

Post by pyrodactyl »

malfist wrote: post #23
pyrodactyl wrote: post #20

Earlier quoted context omitted.

I am the original poster from the post linked in this article. I know these as a fact that a comparable property in my city would cost me much more than what you're paying. All the while I'm getting payed less than half of my colleagues living in your area. And there are many other costs that are comparable eg. electronics, vehicles and education. All this is to say that location based pay is not about cost of living…

If you're paid 50% of what your HCOL breathern are being paid, and living in a higher cost of living than myself, then perhaps it's not location that's the culprit here. I don't know any company that has a location based pay differential that ranges into 50%.

I get exactly 45% percent of SF rates. Just to be clear, this is an international company

Re: The Wage Gap 2

#26

Post by [deleted] »

pyrodactyl wrote: post #24
hollywood_court wrote: post #22

Earlier quoted context omitted.

Can we see some sources for those "facts" please?

A comparable sized property listing https://www.nobroker.in/property/buy/4-bhk-apartment-for-sal... For electronics and vehicles you are free to google iphone and mercedes prices in India vs Us. Its especially higher if I want specific items to import like framework laptop, fairphone, tesla car Private education can get very expensive very quickly too. Public schools are not even an option as they don't even have fur…

[deleted]

Re: The Wage Gap 2

#27

Post by IshKebab »

The author needs to learn some basic economics. Supply and demand.

I imagine they would also change their tune a bit if there was really no location based pay, so developers in Silicon Valley got paid the same as developers in India or China. Don't complain about how good you have it Americans.

Re: The Wage Gap 2

#28

Post by janef0421 »

I don't think there's any way to take a reasonable position here, because the underlying situation is irrational. In a rational economy, each city would adopt an urban form that could efficiently support its population in a reasonable land footprint, and would change that urban form as the city evolved. This would mean that housing costs would be broadly similar across all cities. This hasn't happened, so housing costs are absurd, which results in absurdity in other areas.

Re: The Wage Gap 2

#29

Post by P5fRxh5kUvp2th »

hollywood_court wrote: post #15
P_I_Staker wrote: post #6

I'm not sure exactly what he's talking about here. Is he talking about people in other countries not getting USA pay, or different locations getting different pay? At least in the US, things don't always look so unbalanced. Moving to , New York, or Chicago has baggage attached to it. There's other costs an annoyances. I would need a massive salary to consider even trying it. So how would it be unfair to expect more m…

I’m one of those people who already made their money and then moved to a LCOL area. It was supposed to be temporary, but I met my wife and she won’t move because of her family so we’re here to stay. We have zero debt. I paid off our mortgage in about 5 years. I put money aside for my son’s education the day she told me she was pregnant. We’ve spent the last 10 years spending less than 40% of our combined income annua…

I make a 6 figure salary in one of the lowest COL cities in the US. I sometimes see people claiming to make significantly more in SV, NYC, and forth.

No way would I make that trade. My _PURCHASING POWER_ is probably vastly stronger than theirs. You say 40% but I could legitimately live off of 20% if I so chose. In fact, one of the problems I have is that I have absolutely no credit. As in, credit reports come back with zip, zilch, nada. And that can be problematic for people that don't trust seeing that.

If I'm being honest, it's a super power that I'm sad to see others are figuring out.

Re: The Wage Gap 2

#30

Post by hollywood_court »

P5fRxh5kUvp2th wrote: post #29
hollywood_court wrote: post #15

Earlier quoted context omitted.

I’m one of those people who already made their money and then moved to a LCOL area. It was supposed to be temporary, but I met my wife and she won’t move because of her family so we’re here to stay. We have zero debt. I paid off our mortgage in about 5 years. I put money aside for my son’s education the day she told me she was pregnant. We’ve spent the last 10 years spending less than 40% of our combined income annua…

I make a 6 figure salary in one of the lowest COL cities in the US. I sometimes see people claiming to make significantly more in SV, NYC, and forth. No way would I make that trade. My _PURCHASING POWER_ is probably vastly stronger than theirs. You say 40% but I could legitimately live off of 20% if I so chose. In fact, one of the problems I have is that I have absolutely no credit. As in, credit reports come back wi…

My wife and I both have damn near perfect credit scores because we make our money work for us. Everything goes on a card but we’ve never once carried a balance over or paid any interest. We have many vehicles because I like older autos, but I buy her a new Honda CRV every 5 years for her commute. I call a dealer in La Grange, GA and they deliver it to the house and I hand them a check.

If you don’t have credit I would recommended getting a card and using it for everything.

Our situation is 100% by design. I live in a neighborhood filled with people making $100K+ plus per year who are all leveraged like crazy and probably have no significant savings.

But the husbands all drive $50K+ trucks to go to their office jobs and their wives have the latest and greatest SUV.

In contrast, my pick up truck never gets used unless I need it for a specific task. Other than that it sits parked. My one “nice thing” that I allow myself is my Land Cruiser.

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