People are forced to take pay cuts because high paying companies simply doing hire outside of their high CoL zones unless you are really special. That in effect depresses salaries, because there is less competition from the top.
If Google and Amazon remote only for example, salaries would go up everywhere as they competed to hire the best developers who never want to leave their hometowns.
They wouldn’t hit the SF rates, as the necessity isn’t there, but for most things will improve.
For entry level staff, Keep in mind, there is a floor for developer salaries... and that is the salary of any other job available. For example, in VA you can’t pay developers less than 60k or else the new grads will just walk off into construction work and trade schools. For a company that is remote only, they also have to worry about their targets simply moving to get a better job too. They can’t stiff someone in Mississippi for their salary, or else the person will just move to NYC.
If Google and Amazon remote only for example, salaries would go up everywhere as they competed to hire the best developers who never want to leave their hometowns.
They wouldn’t hit the SF rates, as the necessity isn’t there, but for most things will improve.
For entry level staff, Keep in mind, there is a floor for developer salaries... and that is the salary of any other job available. For example, in VA you can’t pay developers less than 60k or else the new grads will just walk off into construction work and trade schools. For a company that is remote only, they also have to worry about their targets simply moving to get a better job too. They can’t stiff someone in Mississippi for their salary, or else the person will just move to NYC.