Earlier quoted context omitted.
You realize that companies pay SV-like salaries outside of SV now, right? LCOL US salaries can easily be higher than HCOL EU salaries. This is also exactly the same argument people in the US have tried to make about "SV" salaries vs "normal" salaries. Ex: "making $100k in the Midwest is better than $300k in SV because COL" It's plain wrong in almost all cases (Lower COL doesn't make up for lower salary) and SV vs els…
It’s not that simple. Sometimes lower cost of living absolutely does make up for a lower salary. Ultimately it comes down to disposable income after your expenses are paid. If your cost of living is significantly lower despite your income decreasing, then your disposable income increases despite your salary decreasing. It’s also why multinational services will often have regional pricing. This phenomena might not be…
US ($339k): https://www.levels.fyi/companies/facebook/salaries/software-...
UK ($200k): https://www.levels.fyi/companies/facebook/salaries/software-...
Lower COL does not make up for $139k USD.
I've seen this exact conversation happen on /r/cscareerquestions about US salaries an uncountable number of times. COL never makes up for the salary difference on the high end. Maybe for median and below salaries, but never for the top percentiles.
E: since you edited in stuff about remote work, I meant in the US. There are a lot of US companies that allow remote work within the US now. I was also talking about SV vs everywhere else in terms of salary difference, not COL. Even with a salary reduction, you're most likely making more than you 'should' in a LCOL area.