This seems a lot like another symptom of late stage capitalism. If only there were some means by which workers could collectively battle tech giants in order to build an agreement for a proper wage.
This seems a lot like another symptom of late stage capitalism.
What are you talking about? Pay has always been localised since capitalism began. The only reason this is even a discussion now is because people have become more mobile and people are starting to actively shun expensive cities.
You pay to attract talent at market rates. And just like whether I'm selling something to someone in a high street in London or in a cornershop in Banjul the market rate varies.
For hiring rates, sure. People can avoid the job if it isn't offering enough, and that's all well and good.
This is pay cuts for existing employees. To use your example, you don't pay for a service in London then demand a refund because you found it cheaper in Banjul. You agreed to the price up front.
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They've imported the effects of oursourcing (Score:5, Interesting)
Re:They've imported the effects of oursourcing (Score:3)
This seems a lot like another symptom of late stage capitalism.
What are you talking about? Pay has always been localised since capitalism began. The only reason this is even a discussion now is because people have become more mobile and people are starting to actively shun expensive cities.
You pay to attract talent at market rates. And just like whether I'm selling something to someone in a high street in London or in a cornershop in Banjul the market rate varies.
Re: (Score:2)
For hiring rates, sure. People can avoid the job if it isn't offering enough, and that's all well and good.
This is pay cuts for existing employees. To use your example, you don't pay for a service in London then demand a refund because you found it cheaper in Banjul. You agreed to the price up front.