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bvirb | 1 year ago
Yeah going from 10 to 10k qualified candidates means wages go down. As companies get better and better at WFH the pool gets bigger and bigger.
Personally I think some industries will go this way and others will go RTO, depending on how competitive they are (especially around R&D). Wages for relocation/RTO will end up rising.
On the flip side: I've heard people saying software is going to be offshored and has no future at least since the 90s dot-com bust, they were still saying it in the 2000s when I was in school, so I'm skeptical that the growth of WFH will overcome all the barriers to global hiring.
Ultimately I think WFH wages will go down/stagnate (of course w/ higher quality of life for many) and companies that want it will have to pay significantly more for someone willing to RTO.
I also think it only takes one unicorn to say "we did it by having everyone RTO!" to flip everything back around.
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