[digi59404]

I’d argue remote work means that folks can “walk down the street and find a job” quicker. Remote work means companies like those in say Chattanooga, TN can now source and hire workers from San Francisco. If they’re willing to pay for them and/or compensate/entice them otherwise.

It also means workers can be free to leave San Francisco without affecting their salaries as much. I live in a small city, that’s not a huge tech hub, and I make equivalent salary to someone in SF or in Seattle. I’ve done so for numerous years.

I’d also argue that much of these salary reductions have other means. Such as stock implications in a Covid world, an attempt to curb a runaway burn rate, or even a veiled attempt at reducing the workforce slowly without severance packages or legal issues.