Live data from Hacker News

CS 007: Personal Finance for Engineers

cs007.blog

11–20 of 23 posts

Re: CS 007: Personal Finance for Engineers

#12
post #4

Was skeptical when I read the title but that's actually not too bad. Makes a lot of sense to educate people with information relevant to them.

Personal finance and finance in general should be taught to everyone starting from high school. We teach kids countless topics they'll have no use of in every day life, yet something as essential as finance is overlooked.

Re: CS 007: Personal Finance for Engineers

#13
post #5

Do you think, for remote companies the geographical location of the employees/contractors should play a key factor in the compensation?

I have Singapore salary (bigger than colleagues in US branch, lol) and yet living in country with 4x smaller median salary than US. It's heaven.

So to your question, I hope not.

Re: CS 007: Personal Finance for Engineers

#16
post #5

Do you think, for remote companies the geographical location of the employees/contractors should play a key factor in the compensation?

I have been remote, working outside Silicon Valley for Silicon Valley companies for 16 years (4 companies). The difference in salary/cost-of-living was initially a greater part of my value prop to Silicon Valley companies than it is now.

I think over time (say the next 5-10 years) there will be upward pressure on remote salaries and eventually they will normalize to being approximately in the same range as the Silicon Valley ones because of economic pressure: everybody is still going to be competing for workers everywhere. The competition is simply going to get bigger as firms realize they can hire top talent from other places and they need to in order to find and keep the best people.

From the lens of the internet as means of disintermediation in society this makes sense. Using this framework to reason about the internet, we might think of different ways that the internet removes barriers to communication; recently there are several social phenomenon where the internet has removed geography as a barrier to communication enabling lots of different social changes. In this framework, salary and employment markets were just slowly going to eventually get geolocation disintermediated. The pandemic has just sped that up 5-10 years. Now instead of taking 10-20 more years it'll take 5-10.

Re: CS 007: Personal Finance for Engineers

#19
post #5

Do you think, for remote companies the geographical location of the employees/contractors should play a key factor in the compensation?

I don't think so. Neither would I support offering different compensation to someone living in an apartment than I would someone living on an expensive waterfront in the same metro area.
Post reply on HN