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generalpass | 5 years ago
If this were the case, it would not be that so many companies have moved out of the Bay Area. I know of a small manufacturer that moved their entire operation 3000 miles away with 7 years left on their lease. That was a few years ago and the building is still empty.
The businesses that remain are ones where the salaries align with the living expenses, not the other way around.
I suspect this trend of lowering pay based on location will work while there are limited employers hiring remotely. If there is broad embracing, then salaries will likely rise to reduce attrition.
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