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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The argument here seems to be that someone else has it, why can't we. I don't know if that's a good argument. What is everyone else had it worse?[/quote]

It’s not just about this.

It’s also how the RTO policy limits who the FRB can hire.  Surely you can imagine that the FRB may want to consider candidates from reserve banks.  Now they have to relocate per the policy.  In the past the FRB used to hire people with specific expertise from another region - NY - and they would work remotely.  Now this isn’t an option.   Positions are being filled with less talented staff because of the policy.  [/quote]

A big problem at the Board is the lack of geo pay. If someone works for the Board, they get the same in Kansas City as in DC. That is unlike any other agency. People in DC resent it. That's why the Board has stopped such hiring. It's divisive. Maybe the Fed should enact geo pay. Again, that's not a telework argument.[/quote]

Not just geo pay - pay in general.  FRB pay is way below our competitors.[/quote]

What? You are not paid below your competitors! The Fed may have somewhat lower pay than other agencies, but the annual bonus and pension makeup for it. Non-officer lawyers and economists can make $250k pay plus 20% bonus. That’s $300k, plus 401k, plus outsized pension. You are not underpaid. [/quote]

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