If you're thinking of moving to a different city due to Covid-19, ask your boss these 2 questions first:
First make sure, if you do move, it won’t impact your current pay. Facebook founder Mark Zuckerberg said that employees could move to new locations and work remotely, even after Covid. But in the announcement, Zuckerberg said that salariesto reflect the area in which the person moves to. It’s not so much geo arbitrage, in that case. It’s just simple telecommuting.
, especially if a vaccine is developed. Those in an office will have a frontline to those promotions. Afound that the likelihood of a telecommuter to receive a promotion was 50% less than a regular worker. That’s likely to narrow in a post-Covid world, but not completely. The ability to keep the high paycheck while cutting costs can appeal to even the least-budget minded person. But if you move to a new location and lose your job or want to seek out new opportunities, there’s a decent chance you won’t find comparable pay in the new town or city. That may not matter.what a $75,000 New York City paycheck would feel like in other cities.
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