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This is actually one of the very few circumstances where management is telling the truth about pay being relative. Your dollar has less buying power in NYC. Meaning you can't purchase the same basket of goods for the same price. It would actually be unfair to workers in NYC to pay you the rate they're paid. As it stands , you're probably earning more than they are in terms of real dollars. You need to learn how to view your compensation in a deeper way that transcends the number on the paycheck. This is where most employees fail when it comes time to negotiate their pay. Just a simplified example: Inflation doesn't hurt everyone. Employers simply adjust their prices to remain at a status quo. But you wind up making less money in terms of real dollars after they give you a 5% raise, if the rate of inflation raises by 7%.
So it is with the COL in places like NYC. You wouldn't be able to live in NYC the way you're accustomed to on what they pay you now.
There is no argument you can make , no valid point you can raise , to justify the same rate of pay without being perceived as naive & an out of touch neophyte when it comes to personal finances.
You can weigh the numbers to determine if the amount of disparity surpasses the difference in COL. But don't make the mistake of trying to protest on a basis of unfairness without understanding what you've actually been offered in terms of real dollars .
Not likely.
From my experience (I tried a few years ago) it only works the other way - if you are in HCOL you can negotiate a bit more than the offer.
Pay is absolutely relative based on local COL, bro. They're not in the wrong here. There's not a single company on the planet who will entertain this argument from you. Just being real with you.
I completely understand your perspective, and have this conversation with a colleague a lot. The area you live can determine a lot and it’s important to remember that not All benefits are monetary. Are those in New York having to go into an office? Are you getting more flexibility for being remote? Are they still hiring remote or are you grandfathered in?
The other question you need to ask is, would it be fair for those in higher cost living areas to make what you make? Or would that be considered an unlivable wage?
I understand the idea that people should be paid based on their work product, but the reality is other factors go into how much someone gets paid, and location has always been a factor.
Remember pay reflects a lot of factors like location, years of experience (not always title), if they stay in one job or jump around.
It's very unlikely that you're going to succeed. Pay rates are inexorably linked with COL. Also, you've highlighted that not everyone gets to work remotely, which puts you at even more of a disadvantage.
As an example, why would they pay a junior 95k if they could hire a senior for 95k from the same area? Hiring remote benefits us, but it needs to benefit the company as well. Hiring in LCOL areas is one of the ways that happens.