More than 40% of Bay Area-based tech workers say they'd move to a less expensive city if they were asked to permanently work from home, according to a new study from job-search databaseThey survey found that 42% of Bay Area respondents said they'd leave, compared with 40% in New York and 33% in the UK.
San Francisco is the most expensive US city for homebuyers, and only 18% of households are able to afford to purchase a median-priced home in the region. Some tech companies have said their remote workforce will grow in the next several years. Twitter has offered the option for employees to work from home forever; Facebook has said employees may move outside of the Bay Area, but may take a pay cut. Faced with a permanent work-from-home situation, more than 40% of San Francisco Bay Area tech workers would leave the region, a new survey found. surveyed 2,300 tech workers based in New York, the UK, and the Bay Area.
The survey found that 40% of tech workers in New York also said they would move somewhere cheaper, while 33% of UK employees said they'd do the same. , an anonymous work-focused social network, produced similar findings. Blind surveyed 4,400 workers — about 2,800 of whom live in the Bay Area — about working remotely and how it might affect where they decide to live. Two-thirds of the respondents said they would leave the region if asked to work from home permanently.
The Bay Area region is known for its high cost of living. In fact, San Francisco is the most expensive city in the US for homebuyers: only 18% of households are able to afford to purchase a median-priced home in the region,
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That is an incomplete statement though. The big question: If I move to a less expensive area, will I be able to keep my Bay Area salary or will it be adjusted to local market rates? Most likely, the salary would be adjusted downward so weigh the entire package before jumping.
I lived in San Francisco for college. It's these very same tech workers who are complaining that raised the rent in the Bay Area, and made it a less multicultural place.
look how easy it would be to gentrify even more, globalize etc. might make a movie about this.
JSpringer20
I like where tech is heading
No thank you. You can keep all your foreign workers in California
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