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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Replying to @kimmaicutler @garrytan
I wonder how many FB people will actually leave, considering that their salaries will be localized in 2021.
1 reply 0 retweets 3 likes -
Replying to @joewaltman @garrytan
Yeah, I bet a lot of people don’t take the deal unless they have a pressing reason.
1 reply 0 retweets 4 likes -
If WFH really is permanent, then it will be a slow decline that eventually pushes people out as the city collapses on itself, just like Detroit. Degree of salary adjustment will matter, but suspect people w kids + dual income households will mostly stay put
2 replies 0 retweets 1 like
Yeah, I don't think going remote that is the proximate cause of something like that happening to us. Climate change with truly insufferable and worsening wildfires every year? Seawall collapse amid an earthquake destroying SOMA? Maybe those instead.
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