Companies get a huge financial lift by underpaying some percentage of their employee base. Consider any company whose main cost is people, and revenue is rough

Companies get a huge financial lift by underpaying some percentage of their employee base. Consider any company whose main cost is people, and revenue is roughly proportional to headcount. (Consultancy, school, security, etc) Let’s say they can utilize an information asymmetry to underpay half their workforce by 10%. That cuts their cost by 5%, and it’s all to the bottom line. If they were a 10% net margin business, now they’re 15%. This is why they fight transparency. It’s a form of price discrimination. A libertarian might say “It’s a free market, and everyone enters the contract willingly.” I am sympathetic to that, though markets tend to work most efficiently when there is more information. The one downside is some remote jobs might not be available in New York any more. NYC wage levels make remote work more difficult from a cost arbitrage anyway.