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Remote jobs are essentially saving people about 1 hour of travel time, per day. Assuming a 5 day week, and an 8 hour day, thats a 10% salary bump. In practice it’s much more, since thats time you get back to spend on a variety of things, that just getting more money wont provide. Being at home, means breaks or down time help you get stuff done, and save even more time. WFH allows for many virtuous cycles to be set up, IT moves wealth away from down town areas, and into lower cost of living regions, letting people save more money, and invigorating local commerce. MY guess is that WFH is what society needs as a whole, wherever it can get it. Cities and municipalities should plan and compete to get the largest number of people working from home within their boundaries. Get reliable and safe mass transit up and running, and you can even cut down on short hop fuel consumption. Money concentration is great when it helps generate more wealth for humanity at large. If it’s only going to a small group, then distributing it amongst the broader populace will (should) drive up demand, resulting in more economic activity, and therefore a stronger economy. Heck, extend that logic to a global scale, and you’ve basically created a reflection of outsourcing. Do WFH instead. |