Winners & losers from today's WFH announcement:
Bay Area renters
Startups that want a presence in the Bay
Parents/mid-career (esp. moms!) that want WFH
POC that want to work from diverse cities
Budgets of second-tier US cities
Property owners in Santa Cruz, Napa, etc
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Inner Bay Area city budgets
CA schools
CA state budget
$$ for services for low-income communities in the Bay
Workers that have jobs on-campus
Less upside for property owners in inner Bay Area15 replies 18 retweets 192 likesShow this thread -
Property owners in second-tier US cities that have strong amenities for families5 replies 0 retweets 47 likesShow this thread -
Employee retention (due to cost of living) for businesses and non-profits that aren't tech
$$ and political will for public transit
Long-term career trajectory of the employees who choose to work remote vs. the ones who choose to stay in the office4 replies 0 retweets 52 likesShow this thread -
Aggregate climate emissions as workers make fewer daily commutes but presumably fly more for corporate "on-sites"4 replies 1 retweet 38 likesShow this thread -
Bay Area NIMBYs who hate density but presumably may need to rely on ever-increasing home equity to retire comfortably.4 replies 0 retweets 45 likesShow this thread -
Waterloo & Toronto.4 replies 1 retweet 51 likesShow this thread -
Replying to @kimmaicutler
...why Waterloo and Toronto? Is Facebook expanding there?
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Replying to @alon_levy
it's the combined remote work, quality of the education institutions there, plus the fact that it's like 10X easier to get talent to immigrate there.
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interested but they're not as dense a knowledge hub as waterloo & toronto are
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Vancouver is pretty important in certain tech areas (e.g. cgi related fields) but very high housing costs.
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And taxes on immigrants on visas who want to buy housing, don't forget that part.
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