Reply to Tech CEOs predicting WFH will be permanent, and many employees will never come to an office again

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Reply to "Tech CEOs predicting WFH will be permanent, and many employees will never come to an office again"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]“I would leave this area in a heartbeat if I were guaranteed permanent WFH. I'd much rather retire faster by saving more money also not have to deal with horrific traffic in this area.”

Once this happens, the salaries would readjust to reflect the lower cost of living areas where many of the employees reside combined with potentially larger pool of potential applicants / employees who otherwise may not have applied for specific positions if they had to physically move.[/quote]

Yeah. People are assuming there would be no market rate adjustment in salary based on location. If work from home becomes widespread it’s very likely that salary would be prorated based on location. There would likely be a base salary + cost-of-living adjustment with priority given to LCOL areas. The same Amazon job that pays 200K in DC would likely pay 100K in Boise. It’s very unlikely you’d be retiring early and saving tons of money. Businesses are great at capturing any surplus.

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Who cares.   They could cut salaries by 25-30% and you'd still get way more ahead if you didn't have to work in much more expensive area like SF or DC.  Facebook is now offering permanent WFH with a paycut.  Even with the paycut, you'd probably get far, far more for your money than trying to live in Menlo Park.  Go look up the home prices in SV.  It's stupid, even if you make $300k per year. You can live on $80k in many other parts of the country.  The days of super concentration of jobs are over. People are fed up with the lack of housing supplies that cause astronomical costs for living.  Decentralize, reduce traffic everywhere, reduce pollution, and make housing much more affordable.[/quote]

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