Compensation is not based on the value provided to the company. Compensation is ... | Hacker News

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		mulmen on May 13, 2020 \| parent \| context \| favorite \| on: Twitter Will Allow Employees to Work at Home Forev... Compensation is not based on the value provided to the company. Compensation is based on "market rate" as in, the lowest amount of money a candidate is willing to accept to do the job. The information asymmetry is such that candidates accept offers for far less than the company is willing to pay.

_qwfv on May 13, 2020 [–]

That's not what market rate means. Market rate is a surveyed bell curve for the job across multiple companies.

mulmen on May 14, 2020 | [–]

Yes, the rate the market pays. That’s different than the value a candidate can bring to the company.

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