3 ms·
I'm in a big city, but my company is fully remote. My salary is already on the high end for my city. I see a lot of people concerned about wages going down. I
by grumple 6y ago
I'm in a big city, but my company is fully remote. My salary is already on the high end for my city.
I see a lot of people concerned about wages going down. I suspect wages will go UP for most people as we're no longer trapped working with companies in our cities. There might be some slight downward pressure at big tech as people leave the bay for less expensive locales and are willing to accept less money to work at those companies if they get to stay in, say, Texas or other cheaper locales.
But in my opinion this is the greatest opportunity for workers in history - your options for employment are now unlimited. Companies are going to have to compete a lot harder to get the best talent when they now have to compete with every other company in the world. I've seen some suggest that the opposite would be true - companies can now get employees from anywhere. While true, companies have always had more power to hire from wherever they want - it's always been much harder as an individual to pick up and move your family across the country. You'll probably find it easier to get remote contracting work, too.
I expect this will cause some downward pressure on bigger city property values. Might cause a slight uptick for smaller cities and suburban areas. Rural areas might not have good enough internet yet and are spacious enough that they won't be very affected.
- mech422 6y ago>I see a lot of people concerned about wages going down. I suspect wages will go UP for most people as we're no longer trapped working with companies in our cities. I agree - it will open up a LOT more opportunities for those of us that work remotely. I'm guessing tech salaries will start to 'meet in the middle' regardless of location. We also shouldn't forget that there is a shortage tech. workers, and more opportunities mean more competition and better offers regardless of location.
- AuryGlenz 6y agoMy wife has been looking for a remote accounting job for nearly a year with no success. We’re in a rural area, and she has a local job with a large national company right now but has no desire to keep working there. I have an established photography business in the area and both of our families are local, so moving isn’t much of an option. I’m really hoping this opens up some doors for her. She’s miserable where she is and has applied to quite a few positions with no bites.
- droptablemain 6y agoThis is a rather optimistic view. Historically speaking, the capitalist class generally wields enough financial and political power to prevent a massive transfer of power to workers. We've seen this with the buildup and erosion of labor movements in the 20th century and since. So whatever inherit or natural benefits may come about for workers due to the remote work boom, it's likely these gains will be purposefully offset.
- take_a_breath 6y agoI think the really question here is, what is the motivation for corporations to make this type of shift? History shows us it often isn’t to do what’s best for workers in the long-run.
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