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well FB just announced that engineers keen on moving out of CA will get salary adjustments. Itd be silly to think you can move to rural Idaho and keep your 500k/yr TC

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If Google is willing to pay 500 but FB says you get cut to 250... you're going to work for Google. The companies will pay out as long as they get good returns on the money. Location will become irrelevant for pay.

If companies say you'll get a pay cut, it presents an excellent opportunity to poach some talent.

Once Google realizes that people are willing to work for 250k, there really is no reason for them to continue to offer 500k. The salary inflation in the Bay area is at least partially fueled by a shortage of people willing to move there. There really is no way of extending the hiring pool while keeping salary at Bay area level.

Thats a very good point!

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