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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Also interested to see if there will be more job-lock. E.g. you took your Twitter salary to Boise, but grow tired of the work/company. Unfortunately, other local/remote companies have comp based on non-SF market norms. Do you take a 40% paycut, even if your CoL allows for it?
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Replying to @josephflaherty
From personal knowledge many SF companies make location based adjustments to salary for WFH. Downward adjustments are welcome, upward adjustments are ignored. TBH this is subsidizes urban rent instead of incentivizing quality-of-life/$
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Replying to @derek_j_morris @josephflaherty
Not seeing any multipliers above 1 (for SF) here https://about.gitlab.com/handbook/total-rewards/compensation/compensation-calculator/calculator/ …pic.twitter.com/YqHNDdnCZc
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Replying to @stefan_arrr @derek_j_morris
Would be interesting how often they reassess those values in light of changing CoL. Overall, seems to be a real arbitrage opportunity for people who don't mind exurbs!
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Stefan RuijsenÆrs Retweeted Patrick McKenzie
What's more likely to happen once remote jobs aren't as rare anymore https://twitter.com/patio11/status/1261098213940985856?s=21 …https://twitter.com/patio11/status/1261098213940985856 …
Stefan RuijsenÆrs added,
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