Already on the front page (posted 9 hours ago, currently in 15th place with 148 points and 178 comments):

https://news.ycombinator.com/item?id=24911033

Thanks

By being one of the first to state this publicly, Reddit is basically guaranteeing strong retention and have made themselves very attractive in the job market. It's an admirable move. I'm not sure one company making this choice, when many other (larger) companies are already in the practice of adjusting at least base pay based on locale, will make much of a ripple. But we can hope.

I applaud this move. Your employer should not care where you live.

If your job duties include working on location, then in practice it amounts to a de facto restriction, that you must live within a reasonable commuting distance of your worksite.

If you work remotely, it shouldn't matter where you live (as long as it's within the US, there's probably a metric ton of extra paperwork when dealing with another country).

To someone from the Rust Belt, a policy of "We'll only pay you $X if you move to an ExpensiveTechCity and spend a bunch of it on overpriced housing" translates to "We coastal elites are actively trying to keep all the wealth generated by tech in this handful of cities we like, screw the rest of the country, it deserves to stay poor."

I think this is the only logical conclusion of the move to entirely remote working. Why would an employer pay a remote worker more than another just for living in a more expensive area?

How do the laws of supply and demand not eventually catch up?

I wish other companies should follow this model soon.

FYI - Sample size of 6 - Pandemic salaries for people who lost their jobs during Covid seem to be experiencing a lot more lowball offers (if any) even in the big cities. Anyone else have any data points from the hiring or being hired side?

I really think this is great.

But I think it will hurt the big cities. Who wants to put up with poop on the sidewalks, homeless armies, high rent, etc. when you could live beach-side somewhere and draw the same salary?

Where can I live beachside without high rent?

Any landlocked city with a lake. You'll pay rent higher than the norm for the area, but far less than SF or NYC.

Shame it’s still only for US employees!

you would live like a god with SF salary in some places in the EU

You sure would! I’ve been earning 0.85x of the NY market and it’s comparable to senior roles in South East England, but if I moved abroad it’d be awesome. If I could get a Bay Area salary it’d be awesome here too!

This should be the standard.

RIP NYC and SF.