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Reply to "Facebook announces that remote WFH employees will have salaries decreased to match local COL"
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[quote=Anonymous][quote=Anonymous]This has been my thought since WFH started to become a big deal in the past decade: companies figure out that they don't need to maintain expensive offices for all of their people all of the time. Employees figure out they can live further from the workplace and deal with the bad commute less often or maybe never go at all. Eventually, capitalism happens and companies make the rational decision to pay people less if they can. You don't have to pay silicon valley salaries to get good people if they can be in Sacramento, Charlotte, Mumbai, Manila or Nairobi. [/quote] Companies have known that for years. The problem is that talent has concentrated itself in certain locales, such as SV. Tech companies poach each other's talent all the time. They don't go hunting for talent in rural Montana.[/quote]
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