this post was submitted on 04 May 2024
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[–] [email protected] 23 points 6 months ago (2 children)

No, you don't pay us wages. You adjust for local CoL like every company on earth, or you wouldn't hire in Spain.

Even in a fantasy world where your company is a unique snowflake that pays 150k a year independent of location, those are a dozen jobs for a country of 50 million people.

[–] [email protected] 3 points 6 months ago (1 children)

As a note, my company, a fortune 50 company, does not adjust for cost of living. They adjust to cost of labor.

So if they were to magically hire overseas (not a thing they do), they would pay people from Spain average Spanish wages for the industry.

[–] [email protected] 1 points 6 months ago

Yep, that is actually the correct term, cost of labor. I work for a smaller one (NASDAQ 100) and they do hire remote and do adjust for cost of labor.