Would love to see more economists weigh in on the great WFH migration. Key ?: How long will you be able to "smuggle" Palo Alto salaries into Phoenix or Providence? I don't think the arbitrage window will stay open indefinitely. Will there be new MSA-adjusted salary bands?
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Yeah, I mean theoretically at least the "job to be done" should have a market value independent of where the person who does it lives. There are harder to quantify economic spillovers that accrue to the firm when workers co-locate, but those go away in a remote world. IDK.
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> theoretically at least the "job to be done" should have a market value independent of where the person who does it lives In practice surely this is true for top talent already? (and these CoL adjustments would be repellents to them as they signal bad things)
End of conversation
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