jolen33
Joined 4 years ago
Joined 4 years ago
For example, remote GOOG employees in Atlanta take a 10-20% salary cut compared to the Bay Area salaries. But the net takehome is still higher (on average) than the takehome for the in-office Bay Area engineers. And the overall compensation is better than >80% of existing Atlanta metro SWE compensation.
That's part of the reason why there has been such a huge influx of people to metros like Atlanta, Charlotte, Detroit, etc.
1. Western society's influence 2. Cultural background influence 3. Sex assigned at birth influence
Regardless of all other arguments about location-based pay, Google et al have been paying their temporarily-remote employees 100% of their salary up until now.
These companies would need to spend lots of resources to legally navigate pay cuts to already-agreed-upon contracts.
And they would also have to weigh the risk of those employees leaving for better pay elsewhere.
Understand that few people, at least in Western culture, attain wealth or social status from whatever their passion(s) may be.
If your passion(s) is associated with a relatively low-paying career, consider the possibility of keep your passion(s) as a hobby, and pursue a career that pays well and allows you time for your hobby/passion outside of work.
Understand the tremendous power of long-term, compound interest. Saving money does not seem important at 18, but doing it now makes life a hell of a lot easier down the road.
Also, establish a credit history with something like a secured credit card.