Earlier quoted context omitted.
WHY DO PROGRAMMERS THINK LIKE THIS? A radiologist makes $350k whether he's in Manhattan or Memphis. A hedge fund analyst makes comparable, whether he's in LA or Louisville. A BIGLAWyer makes comparable, whether he's in Chicago or Charlestown. They are paid for the value of services rendered, and the doctors, bankers, and lawyers I know seem perfectly content to maximize their income while minimizing their expenses. O…
I don't think that's true at all, actually. I just did some (admittedly) anecdotal job searches for radiology, and there's a $150k price difference between New York and Indiana. I knew a few attorneys that have moved into the DC area to raise their rates (and one who commutes two hours in to DC because otherwise, his billable rate is halved.) The positions people are paid also depend on the cost of living in the area…
Choice quote: "As in Medscape's 2011 survey, the highest-earning physicians practice in the North Central region, comprising Iowa, Missouri, Kansas, Nebraska, and South and North Dakota; the mean income of physicians there is $234,000. The next-highest earners were doctors in the Great Lakes region ($228,000). Physicians in the Northeast earned the least, at a mean of $204,000."
As for attorneys, I said BIGLAW. Not "get local joe bob out of jail." (But law does have a bifurcated career path, i.e. T14 or bust these days.)
I note your silence about hedge fund analysts.
Here are the people who are paid in accordance with COL: labor. Programmers seem to think of themselves as laborers, despite having the intellectual caliber to be professionals. Or maybe I am overestimating my tribe. Perhaps we just anemic right hemispheres in our brain, leading to savant-like abilities in the left, leading to the warm embrace of pathetic compensation.