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One thing about this is that the money saved by paying employees less, goes into someone’s pocket. Senior management, or the owner. Some people will benefit ma
by DrBazza 6y ago
One thing about this is that the money saved by paying employees less, goes into someone’s pocket. Senior management, or the owner. Some people will benefit massively from this. And don’t forget zero office costs since everyone is remote. I’d also expect to see coworking spaces in some of the larger towns to be thing soon too.
- mustyoshi 6y agoEven if nobody is going to the office, it isn't free.
- kweinber 6y agoIf this continues, expect to see a lot of high-paying jobs leave high earning markets like San Fran and New York as pay decreases to meet lower cost cities and countries. Working from a lower cost area could be all the market supports in a few years.
- ghaff 6y ago>Working from a lower cost area could be all the market supports in a few years. At which point, SF and NYC would be low cost areas as well. This won't happen for various reasons but real estate is determined by demand of which employment opportunities are a big component outside of resort communities and similar.