Absolutely agree! What I've seen as a good compromise for startups is to pay generously (~30-40%) above the best local rates but of course below US/SV rates. You can be confident that you're earning more than you could in basically any local job around you, and the company is still better off than hiring only SV (or US) folks.
What I see in my experience is that most fully remote companies only want to pay you the local rate - which doesn't make a lot of sense. Some are willing to pay more, and only a few advertise paying equally regardless of location.
It's understandable because it just doesn't make much economical sense.
Obviously, I'd switch jobs any day for another 30-40% pay increase, and I'm curious how the last approach is going to get adopted by fully remote companies.
As (fully) remote jobs become more prevalent, that also pushes up local rates, though, and local jobs usually offer some better benefits because you're not a contractor. It's an interesting market!
What I see in my experience is that most fully remote companies only want to pay you the local rate - which doesn't make a lot of sense. Some are willing to pay more, and only a few advertise paying equally regardless of location.
It's understandable because it just doesn't make much economical sense.
Obviously, I'd switch jobs any day for another 30-40% pay increase, and I'm curious how the last approach is going to get adopted by fully remote companies.
As (fully) remote jobs become more prevalent, that also pushes up local rates, though, and local jobs usually offer some better benefits because you're not a contractor. It's an interesting market!