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Re:Remote work is reshaping San Francisco, as tech workers f... by alistairSH on Sunday August 16, 2020 @01:57PM (#24179738)
1 & 2 are actually the same thing, just at different points on the timeline.

2 comes first (and arguably already exists - many large employers already adjust pay by locality). If 2 is sustained long enough, there's an implied drop in demand within SF/SV (or Seattle or NYC) which leads to 1.

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