Anecdotally, in my circles, most truly thought that this won't have an impact in the compensation levels. Always struck me as incredibly short-sighted and your comment is actually the first I see that explicitly states what I thought as well.
There is still an argument that, if you truly want top talent, then that top talent might actually want to live in high COL locations like NY or whatever.
There is still an argument that, if you truly want top talent, then that top talent might actually want to live in high COL locations like NY or whatever.