Tech Workers Taking Pay Cuts: Is Comfort Worth the Cost?
Takeaways:
- Workers are willingly taking hefty pay cuts just to keep working from home, which is wild!
- Research shows that tech workers are ready to chop their salaries by 25% for remote work.
- COVID-19 taught us that work-life balance is more valuable than a paycheck.
- We're starting to recognize the hidden costs of commuting and office life—it's not just about money!
- People are now explicitly choosing how much their time is worth, and it's about time!
- Have you ever thought about what your job really costs you? The answer might surprise you!
Links referenced in this episode:
Companies mentioned in this episode:
- Harvard
- Brown
- UCLA
This podcast uses the following third-party services for analysis:
Podcorn - https://podcorn.com/privacy
Transcript
This is the Daily Note.
Speaker A:I'm James A.
Speaker A:Brown.
Speaker A:Workers are taking substantial pay cuts to avoid the office.
Speaker A:Researchers at Harvard, Brown and UCLA found that tech workers are choosing less for remote work, in some cases chopping off a quarter of their salaries.
Speaker A:And I get it.
Speaker A:We were taught to pay for our work, and Covid made this clear.
Speaker A:We finally begin to calculate it.
Speaker A:And we're not forgetting all that time we spent at home.
Speaker A:Now all who can are deciding explicitly what we decided implicitly.
Speaker A:How much time is this job worth?
Speaker A:So what do you think?
Speaker A:What's the real cost of going to work?
Speaker A:I bet it never shows up on your pay stub.
Speaker A: -: Speaker A:On that note, I'm James A.
Speaker A:Brown, and as always, be well.
