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Seattle is heading for trouble. Amazon is moving thousands of jobs out of the city and nearby Microsoft is going permanent work-from-home—and yet, Seattle's political class insists on punishing businesses with new taxes. Get ready for the realignment.https://www.theverge.com/2020/10/9/21508964/microsoft-remote-work-from-home-covid-19-coronavirus …
Prediction: tech employees with families are going to move out of the prestige cities (SF, SEA, NYC) and engage in "lifestyle arbitrage": maintaining top-wage employment, while significantly reducing cost of living by moving to cheaper cities and states.
For years, woke mayors and city councils have assumed that tech companies would provide an endless stream of cash for their social justice projects. Now they're scrambling to figure out how to build utopia in an era of declining municipal budgets. Spoiler: it won't end well.
On a personal note: my family made this transition in January, moving to a small town an hour outside Seattle. We bought a bigger house, our kids can play outside, and my wife and I both work remote (Amazon, think tanks). Bonus: all our neighbors are conservatives.
Do you think companies will reduce wages or move many positions off-shore?
Not really, these companies are tremendously profitable and it's a workers' market for top talent. If you can deliver results, they won't care where you live.
This is for the most part a good thing
You just described my family. Already moved. Not just "cheaper," also "freer" - significant benefit.
Any idea on the location of those cities/states? Have a hunch it’ll be mid/smaller sized cities in the Midwest or South: places like Lincoln, NE, Tulsa, OK ...
Podcasts are pushing Austin, Boise and Nashville.
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