Originally posted by: K.Universe.
I have read all the posts and would like to bring in a different perspective.
I am a software professional working in Silicon Valley, California, since more than 2 decades. I hav been working from home since quite a few years now. I can architect complex systems, code in multiple programming languages and based on the reviews I get year after year, do allow myself into thinking, at times, that I am indispensable to my company. This, however, is a delusion; a false belief! I am fully aware that with what my company pays me, they could easily hire 3-4 persons overseas, all of whom can kick my a$$ and name names when it comes to the skill set I possess.
What is the point I am making here? That, if my work can be done completely remotely, the word “my” could easily be replaced with a null and the sentence could be rephrased as “work can be done completely remotely”. And you don’t have to be a genius to know that companies are always in a cost reduction mode in order to streamline operational efficiency and stay competitive. If they don’t have a need to rent or lease huge office spaces, owing to people working from home, they would as easily downsize to a smaller office or move to a less expensive area or city.
This has actually happened with multiple tech, financial and healthcare companies in my state. Some have moved to Texas, some have moved to midwest and a few even closed operations and moved to a different country. This story is also not unique to California. Work from home is actually destroying cities all across the country. Foot traffic in central business districts is substantially lower compared to previous years. Cities’ tax revenues are heavily impacted. Demand for commercial real estate has plummeted. Not just property taxes, even sales based taxes are down because of lost transactions for local businesses. Add to this, emptier subways, emptier buses, low transit ridership, empty parking lots, you get the picture! Fewer people on the roads and in buildings is also translating to more criminal activities.
In today’s news, you may have seen that New York is losing out on $12 billion annually because of remote work. That’s just one city among dozens in US hemorrhaging revenues.
Am I worried for myself? No! I have a fully paid home, $0 debt and enough cash to eat roti, sabji, daal, rice for the rest of my life 😊But should I be thinking about myself or should we be thinking about ourselves? That’s something for you to ponder. I have bigger things to think about if you have noticed my profile.