When a large fraction of that employee comp goes straight into the pockets of landlords, while Middle America is starved for local spending, is this such a bad thing?
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For the California tax base, yes.
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Whoa! Fully 'localized comp' on Jan 1! That is going to be a nightmare to sort out.
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Glad I’m in Atlanta, man.
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Not the dumbest idea.
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Yeah, not sure why everyone thinks companies are going to be cool with paying NYC/SF comp rates when staff chooses to work in a low cost area
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Would imagine it's still probably worth it for most moving to a lower cost/lower tax area and not having a commute.
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Or just keeping a mailing address in Bay Area.
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GitHub has localized comp too - they still pay incredibly well, highly competitive salaries. There’s no need to over read this for what it is. FB will still pay more than most other tech companies on the planet.
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Having it as part of the policy from the beginning is much different than enacting it unilaterally.
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