<story><title>Silicon Valley pay cuts ignite tech-industry Covid-19 tensions</title><url>https://www.wsj.com/articles/silicon-valley-pay-cuts-ignite-tech-industry-covid-19-tensions-11602435601</url></story><parent_chain><item><author>mabbo</author><text>This is the fun reality that most FAANG Canadian offices have faced for years. Cross the border from Seattle to Vancouver, suddenly you&amp;#x27;re being paid much less for the same value provided.&lt;p&gt;And basically, it&amp;#x27;s market economics. The wage is determined by supply and demand in the labor market, not on the value provided to the company.&lt;p&gt;This is why it&amp;#x27;s important to have many competing employers rather than just 1 or 2 big ones. Competition for labor increases wages. Hopefully, as more companies accept full remote employees, we&amp;#x27;ll see that- a single huge market not defined by regions.</text></item></parent_chain><comment><author>Izikiel43</author><text>You are correct.
Moving to Seattle would grant me a 50k usd raise vs what I currently make.
The other issue besides getting paid less for the same value, is that the money doesn&amp;#x27;t get you as far as in the US, as the cost of living in Vancouver is high (more or less the same as in Seattle but in cad) and you have more taxes, so your 100k cad in Canada is much less than 100k usd in Seattle.&lt;p&gt;If you mention health insurance for the taxes, that&amp;#x27;s actually taxed to employers in BC, not employees, so it&amp;#x27;s not part of the taxes I pay.</text></comment>
<story><title>Silicon Valley pay cuts ignite tech-industry Covid-19 tensions</title><url>https://www.wsj.com/articles/silicon-valley-pay-cuts-ignite-tech-industry-covid-19-tensions-11602435601</url></story><parent_chain><item><author>mabbo</author><text>This is the fun reality that most FAANG Canadian offices have faced for years. Cross the border from Seattle to Vancouver, suddenly you&amp;#x27;re being paid much less for the same value provided.&lt;p&gt;And basically, it&amp;#x27;s market economics. The wage is determined by supply and demand in the labor market, not on the value provided to the company.&lt;p&gt;This is why it&amp;#x27;s important to have many competing employers rather than just 1 or 2 big ones. Competition for labor increases wages. Hopefully, as more companies accept full remote employees, we&amp;#x27;ll see that- a single huge market not defined by regions.</text></item></parent_chain><comment><author>joelbluminator</author><text>Only now you&amp;#x27;re competing against everyone in the world, not just everyone in your region. I can&amp;#x27;t see how this is good for the developed world.</text></comment>