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Nearly 40% of software engineers will only work remotely (2023)

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72 points jakey_bakey | 1 comments | 22 Oct 24 17:50 UTC | HN request time: 0.205s | source
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999900000999 ◴[22 Oct 24 18:24 UTC] No.41917157[source]▶
Ohh I'll come back into the office for the right price.

Let's say I'm remote and making 140k. I can live wherever I want. If a recruiter was like "If you come to NYC we can hit 190k".

Think about it. After taxes that's a 25k increase. Rent will be an additional 2 to 3k a month over what I'm paying now. Plus I'm spending a minimum of 45 minutes each way commuting.

So I'm already losing money on this. At a certain point more money wouldn't even be worth it. I'd need an additional 50k take home for this to make sense, which due to how taxation works quickly prices me out the market.

Basically I have a WFH job and unless I got a ridiculous offer, I'm not giving it up. I imagine if I finally get a FAANG job with 300k TC I'd consider it.

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1. alberth ◴[23 Oct 24 01:42 UTC] No.41920826[source]▶
I think the opposite will happen.

Using your illustration … “market rate for your position is $190k, but since we’re hiring remote - that means we can also hire someone in a developing country for 1/5th the cost.”

Great for people in developing countries.

Bad for those who were already highly paid.