And those managers will lose employees to other offices in HHS where WFH will be permanent. Good luck for those dumb managers. The floodgates will be opening. |
MoCo is definitely screwed. NIH is the single largest employer, private or public, with 17,000+ employees. https://commerce.maryland.gov/Documents/ResearchDocument/MajorEmployersInMontgomeryCounty.pdf |
NIH is a lot different than most federal agencies, because it relies on a lot of people with PhDs who may also have spouses with PhDs. This opens up the potential for them to hire and retain highly qualified people who do highly technical work that mostly involves solitary analytical work and report writing who may otherwise be constrained to apply for and/or work at NIH because perhaps their spouse is pursuing a teaching career at UC Berkeley or something. NIH has always had looser barriers to employment and engagement with academic and industry than other agencies. I can see a lot of NIH technical employees leave the area as a result, which would create a further drag on the county’s small biotech sector. The Bay Area, Seattle, and Boston are poised to benefit. |
Yup, exactly my thoughts too. NIH could be significantly impacted, and many are now free to move outta MoCo for lower costs of living. |
I could see some folks leaving because of two body problems, but just like you pointed out, the places these people might want to move are almost never places that are cheaper than the DMV. PhDs don't, as a rule, want to be out in the country. They want to be around other PhDs. Ask anyone who works at a rural university how much harder they have to work to recruit good candidates. |
Traffic doesn’t matter so much if you work from home. We work from home and can get most of our errands done in under two miles, our kids can walk to their schools and we can easily get into the city for sports and entertainment. There are areas with a lower cost of living but it’s not that much lower any longer. The trade off is often lower-rated schools, less access to good doctors, a fraction of academic and cultural opportunities, etc. |
Not just NIH, but other HHS agencies as well. Once back to work in person was announced, almost 20% of my division left for 100% remote in the biopharm industry, and received raises on top of remote. It's hard to find people with Masters or PhDs to work for fed salaries these days. |
It’s not just the two body problem. They would also certainly prefer to be in larger biotech job centers as it would facilitate better career growth. Montgomery County does not have a research university. Montgomery County does not have physical presence of many large pharma/biotech firms. I think the only real research hospital is NIH. The locations of all of these things have been intentionally dispersed throughout the county, including Gaithersburg, Rockville and now east County, instead of centralized around the NIH and Bethesda so there are no strong agglomeration effects. I think it will be a real problem. |
Taxes matter though. Just by moving outta MoCo you can save a ton on taxes. Plenty of other areas in MD with everything you mention, plus better schools. |
? The cost of living in the Bay Area (and probably Boston) is much much higher than in DC. They may leave for CA for the weather, but not for the col. -former Bay Area resident. |
? every county in MD has county taxes, and MoCo isn't even the highest. And MoCo has the best schools in MD. |
You would leave for the job opportunities/career growth and accept the higher COL. |
no, many would not. In fact, many turn down the move because of the insane col. |
Not all decisions are that simple. If one spouse is underemployed, which is common, then the wage gains the household could receive by moving could offset COL difference. But the DMV is also a high COL area. The main different between the two is what you value for QOL: do you value more space or better weather/lifestyle. |
MoCo is tied for the highest income taxes in the state. MoCo's property taxes are high because you need to consider property taxes relative the price of homes. There are other areas to move that are cheaper and have better schools. MoCo no longer has the best schools, they're going down the toilet. Besides, MD is just one option. Plenty of areas of the country to move where even more savings are possible to signficantly reduced tax burdens, lower COL, and less traffic. Traffic still does matter in day to day life. It is annoying as hell getting stuck in yet another traffic jam on a random Tuesday evening on 495. |