Re:The rise of remote work may reshape college towns
by kbenson on Friday June 04, 2021 @01:16PM
(#27396006)
> That Wyoming posting will be for folks who have decided that maybe pulling $2-300k instead of $600k may be an acceptable loss for an ongoing lifestyle.
Which in itself will affect the market and how much those positions pay in general. You can't have a large chunk of a workforce decide that they're willing to take a 20%-50% pay reduction for other benefits and expect it not to affect the entire workforce.
I don't think that means people in and around SF will have to work at the same pay rate as those working remotely necessarily, but I do think it might result in lowering the high-end of the scale, and spreading the distribution quite a bit.
It's not going to be so dramatic. What will happen for sure is that groups will start hiring in lower cost countries and hire less in the US. That offshoring trend has been going on for 2 decades+.
The big issues with offshoring are culture and timezone, and the first can be rectified to some measure, but the 2nd can only be mitigated (could be a benefit for support centers, etc).
That Wyoming posting will be for folks who have decided that maybe pulling $2-300k instead of $600k may be an acceptable loss for an ongoing lifestyle.