> Tech professionals have been moving from expensive cities to lower-cost locations. U.S. inflation-adjusted remote salaries have been higher on average. Employers have decreased the number of open roles in high-cost-of-living markets by 19% and have nearly quadrupled the number of positions in low-cost-of-living markets to 9% since 2020.
I wonder if this trend will continue, or if companies will hire for in office roles which are in more HCOL markets.
My guess is that the top paying jobs are going to be primarily in office (even when adjusted for COL) because executives will believe that in person collaboration gives them an edge.
Of course it happened and continues to happen. For example, I work for a company that completely got rid of our NYC office during Covid. About 50% of the company no longer lives in NYC...
Every major tech hub city has higher turn over than low cost cities, because they are expensive places to live. NYC is a perfect counter example, because it's THE example along with SF.
I wonder if this trend will continue, or if companies will hire for in office roles which are in more HCOL markets.
My guess is that the top paying jobs are going to be primarily in office (even when adjusted for COL) because executives will believe that in person collaboration gives them an edge.