Remote work narrows the salary “geography gap” in the US IT market.
During the pandemic, businesses adapted to the rise of remote work. And after a couple of years, employees got used to more flexibility and better work-life balance.
According to a Protocol study, remote work is narrowing the salary gap, especially in the IT industry: “For senior software engineers, the pay gap between the most expensive US cities and the least expensive shrank by two-thirds between 2019 and 2021, according to data from the compensation data provider Pave. By the third quarter of last year, the gap between Tier 1 salaries and Tier 3 salaries had narrowed from 18.1 percent to just 5.9 percent.”
The pandemic changed people’s habits on multiple fronts. And the job market is adapting to new priorities and expectations. As a result, remote work decreases the salary “geography gap” in different industries, opening new opportunities for employers and employees alike.