Re:Remote work is reshaping San Francisco, as tech workers f...
by rebelos on Sunday August 16, 2020 @09:52PM
(#24183095)
This alludes to an important hidden economic downside of being remote: it's tantamount to stalling career progression in the long run.
Re:Remote work is reshaping San Francisco, as tech workers f...
by jonahbenton on Sunday August 16, 2020 @09:59PM
(#24183129)
To a first approximation, niches and margins aside, yes.
A very significant element of comp is about relationships, not skills or productivity or labor markets or other fictions people believe.
In-person relationships are infinitely stronger, on balance, than remote.
Remote talent will be cheaper than in-person talent, on balance, AND, in-person talent will always be comped better than remote.
The way work is structured as tech continues to change will also reflect relationships, and low-relationship roles will continue to see their comp reduced.
So, yes, the range of roles that can be comped less and are remote will grow, creating a much lower median. But in person relationship leverage will only get stronger.
Hope that helps.