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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Startups that were hiring remote now have a hell of a lot more recruiting competition. (ht @kylemathews)Show this thread -
Congressional political clout of Big and growth-stage tech as they may actually represent a meaningful number of jobs across many districts instead of cordoning themselves off in Khanna, Pelosi and Speier’s districts.Show this thread
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Canada’s tech industryThanks. Twitter will use this to make your timeline better. UndoUndo
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In practice there are still going to be time zone (because of productivity) and national (because of the need to comply with local laws) limits on these work-from-home offers. I doubt a bunch of Facebookers are going to be able to go work from Thailand (or vice versa).
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Administrative overhead could be a roadblock here. You have to setup your HR and payroll departments to deal with that country's rules and regulations. For example, how stock option comp is treated varies greatly outside the US.
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Will be interesting to see how / to what extent this plays out: - Economic opp. ain't everything: how many knowledge workers immigrate here for social benefits who'll no longer have the opportunity? - Will increased know. worker market size equalize (lower) wages domestically?
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Worry this will continue the divergence in fortunes for Americans and American multinationals
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A bunch of AI conferences this year were all virtual with excellent engagement. Expect this to make a significant impact on perception.
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Long-term career trajectory of the employees who choose to work remote vs. the ones who choose to stay in the office