For starters, it’s not possible to measure how much value an employee generates. When I worked as a consultant, I billed $x per year, is that how much value I generated? No. How much of that value did sales generate? How much did the secretary generate? How much did the cleaner generate? How much of my colleagues value did I generate by referring clients to them when I was at capacity? Or by helping them with their work when they needed it? Or vice versa?...
I think you’ve made a bigger over sight here though:
> In a mainly remote programmer labor market, that we seem to be entering, all employers in the entire US are in your local labor market, so that should work out fine.
What you would expect from this is a new equilibrium prices that is a) lower than the current highest paid region, and b) higher than the current lowest paid region. Which is a situation that doesn’t benefit anybody currently working in the large metros.
A worse (but likely inevitable) outcome would be if wages started trending towards a price somewhere in between San Francisco and Manila.
I think you’ve made a bigger over sight here though:
> In a mainly remote programmer labor market, that we seem to be entering, all employers in the entire US are in your local labor market, so that should work out fine.
What you would expect from this is a new equilibrium prices that is a) lower than the current highest paid region, and b) higher than the current lowest paid region. Which is a situation that doesn’t benefit anybody currently working in the large metros.
A worse (but likely inevitable) outcome would be if wages started trending towards a price somewhere in between San Francisco and Manila.