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A comment on Tech elites leaving San Francisco threaten Silicon Valley's supremacy. Parent comment

Re:Tech elites leaving San Francisco threaten Silicon Valley... by chris11 on Monday December 07, 2020 @03:18PM (#25336829)
Yeah, that's my concern. It would be different if I was wanting to buy a house. I actually like my apartment in the bay area, but when the office did shut down I looked at what it would cost. I wouldn't save much money because I wanted to stay in California.

My employer is becoming more WFH friendly. But they are explicitly saying post-covid fulltime remote will require an adjustment for base salary and future equity grants. I don't think that would be a good financial decision for me. Even if my compensation didn't get cut I would probably end up needing to take a pay cut or move if I wanted to change jobs.

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Re:Tech elites leaving San Francisco threaten Silicon Valley... by ghaff on Monday December 07, 2020 @04:27PM (#25337800)
>require an adjustment for base salary and future equity grants

Base salaries are pretty sticky downwards. It wouldn't be surprising to see modest formal geo-based adjustments of base salaries and much larger quiet adjustments of equity grants--which tend to be much less transparent. It will obviously vary by company but, to the degree in-office becomes largely optional, it's reasonable to expect comp tends towards something more equalized--at least within the US.

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