That’s penalizing those living in a lower CoL area. “Here’s a giant paycheck for those of you who want to live in the Bay Area where you can eventually buy a $2 million house.”
Subsidizing high-CoL people who get the advantages of being in a city is not fair at all. It’s only tolerated because high-CoL cities tend to be where the talent is most concentrated so you have to compete for them.
For example, Google will not pay Zurich engineers Bay Area equivalent salaries despite there being similar CoLs.
Subsidizing high-CoL people who get the advantages of being in a city is not fair at all. It’s only tolerated because high-CoL cities tend to be where the talent is most concentrated so you have to compete for them.
For example, Google will not pay Zurich engineers Bay Area equivalent salaries despite there being similar CoLs.