jaysinn_420
a year ago
I quit my FAANG job yesterday to join a fully remote company. I took a >50% pay cut but I think it is a 100% life saver. I remember spending 3-4 hours/day commuting and I am just not willing to do that any more. I've cut back on expenses and simplified my life, built up some savings so I can make do with less. My retirement savings will slow down dramatically, but if I don't hate my work life then those savings will be less of an all-consuming goal.
Thank you senior leadership for your wisdom, "If you don't like it, find another place to work". The first good advice I've heard from them in 5 years.
typeofhuman
a year ago
I did the same and for around 50% cut. Working from home allows me to spend more time with my kids (I get to have lunch with them and hear them play in the background), no toxic rush hour commute, and I get the comfort of my own space. I know there's a down side of not being able to collaborate as well with my team. But I put my wellbeing over that.
And to be honest, the pay cut - while significant - made no change in my daily life. But the peace of mind and serenity I have retained by WFH is invaluable.
lolinder
a year ago
> And to be honest, the pay cut - while significant - made no change in my daily life.
Yep. Speaking for myself, beyond a certain income threshold there has been no substantial quality of life improvement. My last promotion made it even easier to save for an even earlier retirement, and that's about it.
Early retirement is nice, and earlier retirement is even nicer, but given a choice between retiring when my kid is 20 and being home with him every day throughout his whole childhood, there's no contest. I'll happily delay retirement if that's the trade-off that's needed in order to be there while he's growing up.
insane_dreamer
a year ago
This is a critical point. There seems to be an obsession with “making money so you can retire early” and then what? Your children are grown and left home, you’ve often sacrificed them as well as your own physical and mental health, you don’t have the energy you had in your youth, for what? So you can play golf with other retirees? Or maybe you saved up enough that you can invest in a new startup. Okay fine but that’s not retirement, in fact it may be more work.
Muromec
a year ago
>but given a choice between retiring when my kid is 20 and being home with him every day throughout his whole childhood, there's no contest
This. So much this. I don’t want to start catching up on life after I’m 70 or 60 something and hate every minute before I retire.
Once I got my mortage, there is no more reasons to care about exact numbers that much.
vundercind
a year ago
Those charts that show remaining time you’ll be around someone at a given age are sobering.
Even if you live 30 years after your kids are out of the house, odds are only something like 5-10% of your total time with them will be in that 30 years.
Similar figures for your own parents and grandparents. Those hours with them are few, especially at ages when they can still do much.
A4ET8a8uTh0
a year ago
I am starting to wonder if the management wants to ensure people in general do not make that connection ( and just want to have, ideally, serfs barely making ends meet ).
Covid was a big moment for me in a lot of ways, because I was very pro-corporate for a long time. Having seen some of the bs up close and personal, it made me realize how broken our current system really is ( I still remember 'we are in this together' lip service and 'driving is your zen time' ). Having a kid ( and seeing it grow up ) can be such a radicalizing moment.
heelix
a year ago
I live about six miles or so from the office. I'm so much more productive (and end up working far longer) at home than in the cattle car hotel configuration. I dislike the idea that they might try to pitch things as 'pay less' if I'm more productive. If I'm in the office, I've lost the day. WFH should not be a reason to make less - it should be considered a benefit like a gym membership. If folks use it, the company comes out ahead in the end.
jjav
a year ago
> Early retirement is nice, and earlier retirement is even nicer, but given a choice between retiring when my kid is 20 and being home with him every day throughout his whole childhood, there's no contest.
Agreed. I took 3 years off to be with my child every day in elementary school, priceless! It certainly did delay my retirement by a lot more than 3 years but totally worth it.
bluGill
a year ago
Don't orget the body wears out as it ages. Already at 50 I find things I cannot do. I don't know how aging will hit you but you really should plan for the day when work isn't possible.
saghm
a year ago
> Speaking for myself, beyond a certain income threshold there has been no substantial quality of life improvement.
I strongly agree with this mindset, and I'd argue that it's pretty well-supported as a phenomenon for most people, if not all. Money is a huge deal up to the point where you can live comfortably and without worrying about the future; beyond that, it doesn't really seem to make anyone happier. That being said, it's still a luxury that isn't at all common for most people, but it doesn't require being a millionaire (at least, not with the current level of inflation).
jfengel
a year ago
Beyond a certain point, you have as much money as you wish to spend. Some people don't seem to have a top limit, but for many, those lucky enough to earn more will just put it away.
The difference in your lifestyle isn't now, but in a few decades. It's hard to know when you have enough for the rest of your life. There are formulas, though I don't really know how meaningful they are.
Meantime you're clearly leading a better life now, and may well not mind having a few additional years of it (compared to a bit less time with a lot more aggravation).
So, congratulations. It sounds like you made a well-founded choice.
ghaff
a year ago
I probably saved more than I had to do and probably shouldn't be as (relatively) frugal as I am. COVID definitely pushed out a significantly earlier (semi-)retirement.
bradlys
a year ago
> I did the same and for around 50% cut.
How did you and poster above manage this? A 50% paycut would mean having to move to a much more remote area for most people without a lot of NW already.
Homes being $1-3m in most of the places that FAANG resides just makes it implausible to take a cut from $400k+/yr to maybe $200k/yr. You can't afford a mortgage at $200k/yr for a $1m home with 20% down.
Is everyone here who is taking these paycuts just have a partner who makes bank or are you already rich thanks to having bought/inherited property long ago?
This advice just seems implausible to most anyone who cares about being in a good school district, in a relatively populous area, and hasn't inherited millions through buying real estate, inheritance, or stock appreciation.
typeofhuman
a year ago
I live in the Florida. My employer at the time changed to RTO and offered to pay for relocation. I was making just shy of $400k. I resigned. I now make a little over $200k still WFH. My mortgage is $2k a month. Good size house with a pool and yard in a really nice gated community. I have no car payments, no student loans, and no credit card debt. My partner's income isn't even in six figures.
We live in a top-rated school district, although our kids are homeschooled, and will likely go private for high school. We live well-below our means.
I think it's just location, location, location.
ndriscoll
a year ago
200k/yr for an 800k loan should be fine. You'd have a 60-65k/yr mortgage. Your DTI would be under 36% so lenders would be okay with it, and you might have like 100k in total living expenses so plenty of savings buffer.
1M can buy a house in a very nice suburb in an excellent school district.
insane_dreamer
a year ago
huh? just because you're not in SF or Seattle or Boston doesn't mean you're in a "much more remote area"
You can absolutely buy a decent house in a nice city for $750K on a total household income under $150K. Without having inherited anything.
Source: me. 2 young kids. Not living in SF, obviously.
jumping_frog
a year ago
I don't understand why isn't WFH made mandatory since it helps with climate change.
Muromec
a year ago
Because mandate giving authority doesn’t care about climate change. That’s pretty obvious explanation
bdangubic
a year ago
data to support this claim? you are (incorrectly) assuming that since employees are not commuting to work they are just home and cars are just collecting dust in a garage… but of course you go to the store and mall and park and … in the middle of the day and you see a whole other story :)
mrweasel
a year ago
My pay cut was only around 15%, but I also wasn't working for a large company, and was apparently underpaid by around 20%. This will come of a spoiled and privileged, but I honestly have no idea how we'd make our day to day life work if I didn't work from home, with incredibly flexible hours. Getting children ready for school and pick them up at a reasonable hour, without stress just isn't possible. You have to drop off your children in some kind of care before their even fully awake, and you need to pick them up almost before you get out of the office.
Obviously people make it work, but I have no idea what kind of hours other people work, because doing a pick up at 16:30 would mean that my child would be the last one in the day care. In any case I don't see the point in tolerating the stress of traffic, school/day care, or just regular difficulties getting your daily tasks to fit in with a 8-16 job at an office. I have a family member that works at a hospital, she can't get her car service for four weeks because there's no available time to drop of the car and pick it up afterwards, which also fits with the mechanic. I can normally get appointments for mechanics, doctors, dentists, contractors, everything, with a few days notice because I can be incredibly flexible with my time.
rachofsunshine
a year ago
This is pretty close to the average value engineers place on a remote job.
In our data set, the on-paper gap is about 18% (~37k on ~200k) if you just compare remote to non-remote, but given that the remote candidates often live in lower-COL areas, some of that probably comes from COL and not purely value placed on remote work.
The real driver is that ~half of engineers only want remote work, and the vast majority of the remainder aren't in whatever city you're hiring in.
mrweasel
a year ago
I get that businesses are about profit and not much more, but I do find it interesting that it doesn't really register that people, given that option, choose to live in very diverse locations.
Some companies don't have the choice. If you need people to come in and operate machines, do manufacturing, care for others and similar, then you often need your employees to commute. If you don't need that, why wouldn't you hire the best qualified person, even if that person prefers to live in the Mojave desert?
bwanab
a year ago
Only two ways that I know of that can make it work: 1) one parent needs to stay at home, or 2) hire a nanny. Both of those come with considerable costs.
mrweasel
a year ago
While I apparently where underpaid, my boss and I had a pretty good relationship, but he didn't think a 50+% pay raise, so my wife could stay at home, was realistic, but I did ask.
My wife's boss recommended getting an au pair, she pointed out that he's aware of how much she makes, and that it was a stupid suggestion that he know that we wouldn't be able to afford that.
james_marks
a year ago
Also other families that are in the same boat and trade pickup days, etc.
This is also how you build community, so has many benefits beyond cost.
ghaff
a year ago
Historically, you had grandparents or other extended family (which was the case when I was growing up with two working parents). But that's far less common in the US today.
lorax
a year ago
When I was doing this, I went in a bit later and dropped the kids off and my spouse went in a bit earlier and picked them up. They were neither the first ones in nor the last ones out. My commute was worst case 20 minutes, that also helped. It worked fine (except when spouse was traveling), but WFH Is much easier.
vundercind
a year ago
Relatives, or illegal daycares. Or relatives who run illegal daycares.
I think that’s how folks make it work.
klooney
a year ago
There's a huge class divide in affordability. Unlicensed childcare, home remodeling, etc., is wildly cheaper.
insane_dreamer
a year ago
Not to mention that you’re putting your corporate boss’ well being above that of your children who have to cope with those circumstances. I’m willing to deal with the commute. I’m not willing to let my kids take the hit.
nkrisc
a year ago
> This will come of a spoiled and privileged, but I honestly have no idea how we'd make our day to day life work if I didn't work from home, with incredibly flexible hours.
I don't think it's spoiled, I think you're spot on. Yeah, it's hard. And yes, you (and me and probably many others reading here) are privileged.
> Obviously people make it work
And yeah, they usually make it work, and it sucks. Or if they can't make it work then maybe a spouse or partner has to quit their job to handle that stuff and take care of the kids and then they have to get by with even less income.
anal_reactor
a year ago
When I was looking for a job I was offered peanuts for a position requiring very specific knowledge. When I pointed this out, they said "well, if you want to earn a lot of money, go to company X".
I did. Now I'm exploring the limits of slacking off while getting a nice paycheck. I could aim higher, but I doubt my new place would allow me to slack off as much as this place does. After all, I have only one life, so I'd rather spend it doing things other than working, and I know that modern work is unlikely to bring deeper life satisfaction.
7thpower
a year ago
And this is why we can’t have nice things.
oldpersonintx
a year ago
[dead]
1over137
a year ago
Admitting to slacking off and leeching your paycheque... this is why the bosses want back to office.
anal_reactor
a year ago
At home at some point I get so bored I start actually working. In the office I mostly just gossip with my coworkers, which means that I'm not only wasting my own time, but also other people's. Having me at home is just better for everyone all around.
dgfitz
a year ago
Which part of the post made you think they weren’t in the office every day?
christhecaribou
a year ago
Any data for that, or just your gut vibes, jabroni?
taeric
a year ago
3-4 hours a day commuting? I confess I used to bike to the office and that could take about 3 hours/day, but I could cut it down to a 2 hour/day by switching to an ebike. I also like biking. On my "work from home" days I would aim for an hour and a half ride every morning.
I can't imagine being in a longer commute that I didn't like.
plasticchris
a year ago
Sf Bay Area can easily exceed 2 hours each way if you aren’t willing to pay insane money on housing. It honestly made me wonder how low income people exist there at all. I did more than 2 hours each way for many years there but only by riding the train with a hot spot.
leptons
a year ago
I used to commute 3 hours a day. Then one day I added it up and I was shocked to know that an entire month of my life was wasted in traffic. My year was essentially 11 months long. I quickly decided to change that and told my boss I wasn't coming in to the office anymore in 2 weeks, and he said I could work from home. This was in the mid-late-1990s, when 56k modems were the fastest available. I hated driving so much at that point, that I let the city tow away my shitty car because it had not been driven in 6 months, they thought it was abandoned. Good riddance! I haven't owned a car since the 90s. Currently I work for a totally remote company, we had a big remote workforce before the pandemic so it wasn't a problem for me to move away and keep working for them. There's no way I ever want to commute, or go to work inside an office ever again.
majormajor
a year ago
Some of the comments in here are all in on "I'm going to take half the money to work remote and not have a commute" but were apparently not on board with "I'm going to spend more of that double-salary to live close" which is a contradiction I find interesting.
(Obviously not everyone could choose to live closer without driving up the prices even more in the short-term, but the value of money-vs-commute compared to money-vs-remote doesn't seem directly comparable to many people.)
jmspring
a year ago
When I graduated college, the drive from Santa Cruz to 85 and Shoreline was about 35min at 730am. These days that is 90-120 minutes at that same time (think google/microsoft campuses). Many can’t afford to live close to those areas any more.
AlotOfReading
a year ago
Low income people exist by either living with family or commuting insane distances from lower cost areas. I've met quite a few people who would commute from Tracy or Stockton to SF/Mountain View to work as janitors or food service workers at tech offices. It's brutal, especially when they're expected to show up in time to serve breakfast or open the doors.
taeric
a year ago
That sounds insane to me. Again, I had a long commute by bike. Could have easily shed most of it by getting a car. Would have to shift off rush hour, but that isn't too hard to do?
Would love to see more data on this. Quick googling shows average commutes well below an hour. I'm assuming average is just not a good stat for this?
stefandesu
a year ago
How do you like biking 3 hours a day? I'm starting a new job next year that requires me to be at the office most days. It's 40-50 minutes each way by bus or about an hour (if you're fast or with an e-bike) by bicycle, and I'm already considering getting an e-bike for the summer months for this. (It would be only 20-25 minutes by car, but I'm not willing to commute daily by car I think. I also just don't want to own a car in the first place.)
christhecaribou
a year ago
FAANG is just Big Blue 2.0 nowadays. Not a place for smart people, a place for Jassholes.
qwerpy
a year ago
I'm grateful for my FAANG job because, despite my lack of intelligence, I'm able to make enough money to provide a comfortable life for my family and save up for early retirement.
christhecaribou
a year ago
Then goose step to the beat of the RTO drum and hush.
azemetre
a year ago
Does jasshole mean something else than what I see on urban dictionary?
dghlsakjg
a year ago
I assume it has to do with Andrew Jassy, CEO of Amazon
mbb70
a year ago
Presumably a reference to Amazon CEO Andy Jassy
drivebyhooting
a year ago
Andy Jessy?
dbish
a year ago
Don’t paper over everyone with the new Day 2 Amazon. There are still great things happening at Meta for example where the founder is still driving culture. They’re some of the biggest players in open source AI and you better believe Meta AI has very smart people
drivebyhooting
a year ago
Meta culture is not exactly friendly. I can’t speak to meta ai. But much of the company has 8 layers deep of VP and directors.
tokinonagare
a year ago
I did a radical change recently too, save for the fact my job (full remote) wasn't very well paid to begin with. The additional 700€/month I got for working in comparison to the unemployment benefit is absolutely not worth working 150h a month, since I still can pay for whatever small or medium things I want, and it don't make a real change to what I can't (buy a house).
On the other hand, I have now time and energy to focus on all the cool things: writing research papers and my thesis, learning accounting to set up my company, make contributions to the open-source and open-data projects I care about, taking time for friends and family. In a word: living.
rectang
a year ago
I’ve done essentially the same thing for years, working for small remote companies at rates below what my resume would justify.
There are labor force bargains to be had for companies that offer workers flexibility.
mooreds
a year ago
This comment, to me, is heartwarming. The free market works! You valued something more than $$$ and so made adjustments to your employment (aka selling your labor).
I think that in-office work is good for certain situations, which is why onsites still make sense. And for folks newer in their career, onsite time is really important, based on my experience.
But if remote is more attracitve, over time companies that offer it will win in the talent marketplace.
rsanek
a year ago
You are kidding yourself if you think we have a free market in SWE employment https://en.wikipedia.org/wiki/High-Tech_Employee_Antitrust_L...
mooreds
a year ago
I'll grant you it isn't a perfect market. From the employer side, there's what you shared, as well as the fact that SWEs, like most employees, are not fungible commodities.
From the employee side, there are definitely non-monetary factors that play into the sale of labor as well. And H1Bs (in the USA) or other legal restrictions also impact how labor is sold.
However, would you dispute that there is some level of free market for software engineers? I think there's some level because:
* people can switch jobs (except as legally restricted above)
* companies compete for talent (as indicated by the rise in salaries from 2020-2021 and the AI hiring frenzy now)
* you can have an oversupply of labor (as we're seeing in other areas of software in 2024)
Those all seem like aspects of a market, if not a perfect one.
CooCooCaCha
a year ago
Except it doesn’t because so many companies are slowly bringing people back to office and finding a fully remote job is becoming more of a privilege. One anecdote does not validate your views.
dbish
a year ago
But that’s exactly how it works. If you are willing to make the trade off for what you value more then go for it. Many do not want to make the pay or job tradeoff and come into office, and many others (myself included for many cases) think coming in to office is generally good.
Remote is not more attractive to everyone and everyone doesn’t have the same economics on the trade offs.
mooreds
a year ago
There were companies both hybrid and remote before covid (I worked for a few). Covid was a shock that shifted remote work (as well as a lot of other things).
I would not call remote work a privilege. Rather I would say remote work is a benefit. It falls into the same bucket as all the other benefits that employees can weigh in addition to salaries when they weigh job options.
I expect a reversion in terms of remote/hybrid, but not all the way back to where it was before hand. Looked for some stats, didn't find much. From the US BLS[0]:
> However, remote work participation was still higher than its 2019 level in all industries except agriculture, forestry, fishing, and hunting, which returned to its 2019 level.
The data only goes to 2022, but the publication is from 2024. If there are fresher stats, would love to see them, as I think things have changed in 2023 and 2024.
0: https://www.bls.gov/opub/btn/volume-13/remote-work-productiv...
k4ch0w
a year ago
I don’t think this is true. This is a lagging indicator and takes time to show the meaningful data. You’ll not get your productivity gains as your top talent leaves and everyone else who is salty will coast doing the bare minimum while looking for a new job. https://youtu.be/4ec_yZCWOCY?si=RQs2bo3w_ATv9X6e
I think companies that won’t adapt and embrace remote/hybrid will slowly decay.
bbqfog
a year ago
Those companies will also feel the wrath of the free market. I'd never work for them and I'm quite a high end resource!
shams93
a year ago
Depending upon where you wind up living to work remote you could well see an almost 50% cut in life expenses and taxes.
dbish
a year ago
That only matters if you spend the majority of your income. For many high paying tech workers the amount you save matters more and doesn’t change enough comparatively if your rent doubles for example.
bbqfog
a year ago
If you want to buy a house, it's going to be a lot more than double to live in the Bay Area vs say rural Arizona.
ghaff
a year ago
Although I think most people in a major urban metro (broadly--not necessarily living in a city) probably don't really want to move to the mountains someplace. I'm well out of the city--where my job mostly never was anyway--but I like being able to drive in in 90 minutes or so and the other advantages that a major metro offers.
insane_dreamer
a year ago
Depends greatly on whether you have kids and their ages.
layer8
a year ago
> 3-4 hours/day commuting
I’d switch jobs then as well, or rather, I would never take such a job in the first place. Luckily my commute is only 20 minutes by bike. I don’t earn anywhere near FAANG level either, though.
user-one1
a year ago
I'm happy that you found something that works for you. But wouldn't it have been cheaper to move to a place closer to the office of your previous employer?
tomtom1337
a year ago
Rather than the snarky response, I’ll answer: closer is likely to be impossibly more expensive for the requirements OP needs (e.g. living area, number of bedrooms or similar).
dghlsakjg
a year ago
To add in, they may have other obligations in life that prevent it as well. Taking care of elders, kids schools, spouses jobs, medical care needs. Frequently money is just not the answer
JoeDaDude
a year ago
Maybe. But sign a new lease (or mortgage!), pay moving expenses, relocate away from friends/family/social network/what have you and then the job disappears after 18 months, leaving you to relocate again....
mrweasel
a year ago
So not parent, but no. I lived as close as we could afford, roughly 20km away. Outside rush hour you can to the trip in 15 minutes, during rush hour it's 35 minutes, assuming no accidents (and this is a highly accident prone area where traffic would block up completely every other week).
Taking a 15% cut, which allowed us to move further away severely reducing our cost of living, bring us closer to family which can help out if needed. It has reduce stress, ensures that our child doesn't need to be in the care of after school programs longer than she needs. The reduced cost of living, reduction in stress and the flexibility that we're able to offer my wife's employer was made a huge, positive, difference in our lives, well worth the 15%.
exe34
a year ago
> But wouldn't it have been cheaper to move to a place closer to the office of your previous employer
it might not be the sort of place they want to live. it also negates a lot of the higher salary argument if a lot more of it is going into paying rent or mortgage.
insane_dreamer
a year ago
It’s not just that it’s more expensive COL but if you’re buying then you’re taking a 30 y mortgage that may not be so easy to divest when the next round of cuts come and you find yourself let go anyway.
steveBK123
a year ago
Not really in VHCOL areas. You can get by on less, if you are planning your life around your job, for sure.
But for example if your office is Midtown Manhattan, the equivalent lifestyle to own a home for your family in walkable Manhattan vs long subway commute Brooklyn vs longer commuter rail suburbs vs extreme commute exurbs is staggering.
You can buy an entire exurban home for the incremental cost to upgrade from Manhattan 2bed/1.5bath to 3bed/2.5 bath.
My parents & in-laws each have 3bed/2.5 bath homes outside of Manhattan commute range, but within tolerably unpleasant driving commute to Stamford/Greenwich. That is - they are in commuter range of where commuters live / satellite office are located.
The combined values of those 2 homes might buy a single family sized apartment in Stamford, an ok 1 bedroom apartment in yuppie Brooklyn, or a kind of dumpy studio in Manhattan.
A lot of these answers seem to boil down to "I would simply have more money".
formerly_proven
a year ago
[flagged]
poniko
a year ago
Sounds like a correct action .. good on you, enjoy the extra time in your life, it's the real value.
argentinian
a year ago
Money can't buy time.
switch007
a year ago
What do you think about private jets, passes to skip theme park queues, world class life saving medical treatment etc?
cess11
a year ago
I'd never work for a "FAANG" style corporation, but otherwise made a similar choice when my first kid was born, back in early 2019.
I'll surely lose out on some currency in the long run but I'm not so sure whatever value it's going to have in the coming fifties outweighs the time with my family I've gained. On a global scale a lot of things are going to shit and I'd rather my kids think of me as someone who didn't bail on them under such circumstances.
6c696e7578
a year ago
Did you take a pay cut? If you include your commute hours in your hourly pay rate, maybe you didn't have such a pay cut after all.
xyst
a year ago
That’s what I’m thinking. 8 hr grind + 4 hr commute for regular salary. Vs whatever 5-8 hr work plus no commute at normal salary * 0.5.
It’s a trade off in this case that I think is worth it.
karaterobot
a year ago
Hey, congrats. I did a similar thing... in December 2019. Poor timing, but a good decision nonetheless.
Even years later, I am still not making as much money as I was making back then. I could not care less about that. I'm making plenty of money, and am more than twice as happy—this is harder to measure than salary, but it sure feels true.
assimpleaspossi
a year ago
I spend 40 minutes a day commuting. Would I take a 50% pay cut for that? You know the answer.
Depending on how one is, working from home not only isolates you, but if you have kids, dealing with them on a daily basis while trying to work is not what you think it will be after months and years of doing so.
Yes, your life will change and be totally different.
jemmyw
a year ago
You sound pretty negative about it. I know plenty of people who work from home and deal with their kids and enjoy doing so. And some who just seem to dislike their kids regardless of the work situation.
So when folks say they work at home to spend more time with family I take that at face value. I've certainly enjoyed being with mine - not every moment for sure. But I didn't have kids as an obligation, it was a choice and any relationship also requires work, being home with them helps that.
theshackleford
a year ago
> working from home not only isolates you
I’m less isolated than ever WFH as I now have the time and energy to have a social life after work.
Additionally, I can be more involved with my local community because instead of commuting to some CBD and filling the pockets of business there, I support and have relationships with the small businesses in my local community.
Equally though, I see how if you were a parent, or are incapable of going outside unless forced, it could be more isolating for some.
AdrianB1
a year ago
At least you have a much better chance to (live to) eventually retire. I am glad to see this kind of change is not just possible, but really happening.
hammock
a year ago
I’ll get downvoted for this but so many people taking 15-50% paycuts without a moments thought, or trading 50% of pay for 3-4 hours back out of a 11-12hr workday (including commute) sort of implies that there are a lot of overpaid people right now.
kurikuri
a year ago
A better hypothesis would be that there are diminishing returns for the hours in a day a person has. Getting back 4 hours when you are currently working 12 hours has a ton more impact than getting back 4 hours when you only work eight.
jumping_frog
a year ago
The defining metric of progress in a society is that all of us have to work less for maintaining same or higher quality of life. Leaving aside the supply demand aspects, who is going to pocket the savings if people aren't overpaid and why should they be the appropriate recipients of that savings.
nacs
a year ago
Overpaid? Doubt it.
Just people who make more than they need to survive and can afford to cut back on income for a happier life.
AdrianB1
a year ago
Not overpaid. Even if you are paid below the market, but you are highly skilled in a job where you deliver a lot of value for the employer and you make a lot more than the average worker, you can take a pay cut. For example, average pay in US is around $50k/year. If you are very good in tech or an MD and you make $250k, are you overpaid? Probably not. If you take a $50k cut, with the remaining $200k you are still fine in many places. There is no reason to reach the conclusion you are overpaid.
listenallyall
a year ago
The fact that you have to take a pay cut, rather than find another employer at the current level, is evidence that the original salary was well above-market
xyst
a year ago
Is it really a pay cut if half your day is spent commuting (unpaid)? Just a thought.
brantonb
a year ago
From a pure numbers perspective, if you work 40 hours/week and commute 3.5 unpaid hours/day, then dropping the commute and taking a 50% pay cut results in only a 28% hourly pay cut and an extra 17.5 hours in your week.
And let’s not forget the gas and car maintenance savings. I reduced my annual driving by about 4,000 miles. My car will also not have to be replaced as soon. I’m also eating cheaper because I’m more likely to make my own lunch rather than eating out. I’m sure there are more expenses like this that add up.
If I could make the finances work, I think I’d take that deal. (I’d be unlikely to sign up for that commute in the first place.)
user
a year ago
wordofx
a year ago
Yup makes it easier than firing you. We don’t want less productive people.