{"id":8056,"date":"2020-12-27T20:48:17","date_gmt":"2020-12-27T20:48:17","guid":{"rendered":"http:\/\/onthe8spot.com\/?p=8056"},"modified":"2020-12-27T20:48:17","modified_gmt":"2020-12-27T20:48:17","slug":"work-from-home-tech-companies-cut-pay-of-workers-moving-out-of-big-cities-bloomberg","status":"publish","type":"post","link":"http:\/\/onthe8spot.com\/index.php\/2020\/12\/27\/work-from-home-tech-companies-cut-pay-of-workers-moving-out-of-big-cities-bloomberg\/","title":{"rendered":"Work From Home: Tech Companies Cut Pay of Workers Moving Out of Big Cities &#8211; Bloomberg"},"content":{"rendered":"<blockquote><p>This potential shift could have devastating consequences for extremely expensive places, but it could also spread wealth more evenly. Before the pandemic, \u201cAmerica had become less mobile than almost at any point in our history,\u201d Kelman says. \u201cNo matter what the economic cost of being in San Francisco, people would pay it.\u201d Having more remote workers means \u201cwages in Texas are going up,\u201d he says. So are housing prices. \u201cYou can\u2019t have a $2 million, 2,000-square-foot house in San Francisco and a $200,000 house in Dallas that are basically the same for very long when there are airplanes and internet connections and Zoom.\u201d<\/p>\n<p>None of this makes the decisions employees have to make over the next several months any easier, especially for those who relocated in a hurry. Musiker, the Redfin communications director, has until May to figure out whether she\u2019s staying in Rochester permanently and taking the pay cut. She\u2019s still not sure\u2014and the decision will depend partly on whether her husband is allowed to work remotely after the pandemic\u2014but she\u2019s more open to living upstate than she ever thought she\u2019d be. \u201cWe were making a lot of sacrifices in Brooklyn,\u201d Musiker says. In Rochester, \u201cwe get so much more for our money.\u201d<\/p>\n<p><em>Read next:\u00a0<a title=\"The U.S. Child-Care Crisis Is Torturing Parents and the Economy\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-12-10\/u-s-economy-could-get-a-boost-from-expanded-child-care\" target=\"_blank\" rel=\"noopener\">U.S. Economy Could Get a Boost From Expanded Child Care<\/a><\/em><\/p><\/blockquote>\n<p>Source: <em><a href=\"https:\/\/www.bloomberg.com\/news\/features\/2020-12-17\/work-from-home-tech-companies-cut-pay-of-workers-moving-out-of-big-cities?utm_source=pocket&amp;utm_medium=email&amp;utm_campaign=pockethits\">Work From Home: Tech Companies Cut Pay of Workers Moving Out of Big Cities &#8211; Bloomberg<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This potential shift could have devastating consequences for extremely expensive places, but it could also spread wealth more evenly. Before the pandemic, \u201cAmerica had become less mobile than almost at any point in our history,\u201d Kelman says. \u201cNo matter what the economic cost of being in San Francisco, people would pay it.\u201d Having more remote &hellip; <\/p>\n<p class=\"link-more\"><a href=\"http:\/\/onthe8spot.com\/index.php\/2020\/12\/27\/work-from-home-tech-companies-cut-pay-of-workers-moving-out-of-big-cities-bloomberg\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Work From Home: Tech Companies Cut Pay of Workers Moving Out of Big Cities &#8211; Bloomberg&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62],"tags":[],"class_list":["post-8056","post","type-post","status-publish","format-standard","hentry","category-personal-angol"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/posts\/8056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/comments?post=8056"}],"version-history":[{"count":1,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/posts\/8056\/revisions"}],"predecessor-version":[{"id":8057,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/posts\/8056\/revisions\/8057"}],"wp:attachment":[{"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/media?parent=8056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/categories?post=8056"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/onthe8spot.com\/index.php\/wp-json\/wp\/v2\/tags?post=8056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}