Mark Zuckerberg planning to localize Facebook salaries as WFH increases
- Thread starter Rell Lauren
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Superstar
It's already started. Sac and parts of the Central Valley are already seeing real estate booms and bidding wars from people taking their Silicon Valley bags of money and migrating a little further north or south for the cheaper housing.
Rell Lauren
Banned
People who think this is a good idea aren't looking in the long-term. This will be the new offshoring the same way manufacturing was in the 90s. I think I will create a thread on this.
Rell Lauren
Banned
This has been one of the best things about working remotely for me for the last 10 years.
Working for a large insurance company remotely in a state/city with a significantly lower COL. Yet my salary is based on when I was hired a couple years out of Uni. My pay and benefits are far beyond what I would get if they weren't based on the East Coast.
Sounds like some employers are going to start flipping that script. Once again, sucks for the young bucks coming up, while old heads continue to use the old tricks to prosper. They trying to choke the kids out of a decent living any way they can. And whats worse is this fukking Zuckerberg aint even old. He's doing this shyt to his own fukking generation.
The Zoomers or whatever got some annoying shyt about them; but when they speak on how fukked the economy is for them I don't pretend they lying. Because they aren't.
Zuckerberg snaked people he knew with Facebook. He's not above doing that to his labor force.
SadimirPutin
Superstar
Like millionaire Brett Favre moving to Sumrall, Mississippi?
That singular engineer ain’t disrupting a town’s economy.
breh I am reading these comments in here like
jwonder
Superstar
I need the fukking East Coast to get up on working remote. They are still stuck in the old ass. "I want you in the office, so I can see you" Bull shyt. Even before the Pandemic, the West Coast stayed with an abundance of work at home jobs.
This temporary work at home I'm doing right now, is the best. Not seeing and having to engage with these snake lipped cacs is almost like winning the lottery.
This temporary work at home I'm doing right now, is the best. Not seeing and having to engage with these snake lipped cacs is almost like winning the lottery.
Exactly what I was saying. Why not start looking outside the US at that point? Folk cheering but this is just cost cutting.
I doubt it. A lot of work is already offshored but the high level development and creative work will stay in the US because the quality of talent here is much better than what you get in India for example. Anyone who's worked with offshore talent knows what I'm talking about.
Rell Lauren
Banned
I work with them as well. My firm hires people on visas by the boatload. If work can be offshored, it will.
Of course. But there's a limit to the work that can be done over there. Until they step their game up in that regard, high level talent here won't have to worry about their jobs being done by Rajesh.
Rell Lauren
Banned
Fair.
Honestly, it’s not even Sandeep from Puné that will snipe the jobs. But Mark from Toronto or William from London.
Salaries in the US are much higher than in places like Canada or the UK. I’d say talent is on par, however.
EDIT: For Example - Starting salaries for an Investment Banking Analyst at NYC vs London
NYC - $85K Base
London - $64K Base
Both cities COL are about the same.
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HarlemHottie
Uptown Thoroughbred
Of course, we were using it as an indicator. When de blasio started using cre for pop up mta shops (wth is that?) and housing the homeless in hotels, it became obvious that they were trying to prop up a failing market (bc the Chinese money left almost all at once). Its been interesting to watch.
Residential ain't far behind.
