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The counter point is that this will also likely result in depressed wages, as companies realize they don't have to price in local factors such as rent or commut
by fzeroracer 6y ago
The counter point is that this will also likely result in depressed wages, as companies realize they don't have to price in local factors such as rent or commute. We can't discount the externalities which are then offloaded to the worker as well such as computers / monitors, home offices, internet caps etc.
For a large band of workers I think remote work makes sense, but for entry-level developers and/or people on the lower end of the spectrum I think it might be a harder sell.
- ricco221 6y agoI could see wages theoretically increase, too. Geographic control is a major form of staff retention, because employees are less likely to want to change companies to work somewhere with fewer opportunities (smaller towns) or somewhere far away that they’d need to move all their stuff to reach (far away towns). Reducing employee friction to jump ship to higher paying firms or to companies which previously didn’t support remote but which now do may make it much harder for companies to maintain staff loyalty when defection is now trivial, you have no comfy benefits or free food/drinks they need to give up to leave, and you no longer have an “office culture” besides what your company pays, and who the highest bidder is.