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Remote work is here to stay – Manhattan may never be the same

nytimes.com

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Re: Remote work is here to stay – Manhattan may never be the same

#51

Post by Mediterraneo10 »

throwaway0a5e wrote: post #44
Mediterraneo10 wrote: post #42

Earlier quoted context omitted.

> Imagine a world where you might once again say hello to your neighbours When people complain about social isolation, that still doesn’t necessarily mean that they want to interact with their neighbours. It could just mean that they want to be able to interact with people who, they know for sure, share the same hobbies and interests and (in polarized countries) the same political and social views. One of the suppose…

> Imagine a world where you might once again say hello to your neighbours That world never went away. It's just a couple tax brackets below the typical HN user.

No, that world definitely went away in some places, even for the urban poor. For instance, residents of apartment blocks in the large Finnish cities today typically don't know their neighbors. (In fact, some would even consider it a faux pas to leave the flat without first checking through the peephole to see if someone else is in the corridor. This is because it could make both you and your neighbor uncomfortable if you passed by one another.) The literature of a century ago with its tales of frequent neighborly interaction now strikes people as a completely different world regardless of their tax bracket.

Re: Remote work is here to stay – Manhattan may never be the same

#52

Post by lm28469 »

anthropodie wrote: post #28

Indian here offering a slightly different perspective. I absolutely love remote work. Even before pandemic I used to work with remote team all the time only from office. Theirs stigma associated with remote work here. Employers don't trust their employees. But if some employer does offer me remote with same pay as that of in the city I would love to work remotely precisely because - I can work from hometown where liv…

> remote with same pay as that of in the city

> I don't have to take a loan of 50 Lakh to buy a 1000 sq ft apartment in the city

Isn't the "city pay" made to cover the "city expense". I bet everyone wants to live in Barcelona with a Mountain View salary but that's going to boost gentrification even more

Re: Remote work is here to stay – Manhattan may never be the same

#53

Post by mrkramer »

Most of big companies are for physical offices because it is hard to manage big work force remotely. Listen to JPMorgan CEO Jamie Dimon https://youtu.be/x8-eUse5hg8?t=413

Things like apprenticeship are impossible to do remotely.

Also Zuckerberg is for physical offices for the same reasons Dimon is. Hard to manage, no apprenticeship/internship, no culture.

Maybe it is possible for small companies and startups but managing thousands of employees remotely is very challenging.

Re: Remote work is here to stay – Manhattan may never be the same

#54

Post by standardUser »

softwaredoug wrote: post #5

I’m a bit sad how remote work is likely to hurt my social life I have many close friends that grew out of the intimacy of solving problems together. We could casually hangout IRL after work. Our partners and kids would get to know each other. In turn, that growing trust would feedback into a more positive workplace. It’s not the only way to make friends, but it was an easy way. Now my relationships with coworkers can…

I'd offer an alternative perspective. While I have made a small number of great friends from working together in an office, I've also made a lot of kind-of-friends who are maybe not actually great matches for me in terms of compatibility. Yet we spend time together outside of work nonetheless, usually in work-adjacent activities like happy hours.

Nothing against these relationships, but a year later I don't exactly miss them. I've found myself spending more time with a small group of people during the pandemic that are much more on my wavelength, and I much prefer this to having a chunk of my social life dedicated to people I am "friends" with due only to proximity.

Re: Remote work is here to stay – Manhattan may never be the same

#56

Post by standardUser »

dcolkitt wrote: post #40
jedberg wrote: post #32

Manhattan will be fine. It's reinvented itself many times before. 100 years ago it was filled with warehouses and factories. Those all left and never came back, and they were renovated into housing and offices. If the offices leave, all those buildings will be renovated into WeWork like spaces (if not WeWork itself) or into more housing. Especially if everyone is working from home, people will want bigger places to r…

> New York is still a cultural center. People will want to live there. New Orleans is also a major cultural center. Some people will pay up to live around culture. But the vast majority of people paying NYC prices are doing so because of access to high paying professional jobs. There's a reason that San Jose is nearly as expensive as NYC. There's not a single major city in the world that survives off culture alone.

> But the vast majority of people paying NYC prices...

Those prices have already dropped and if there's a continued, long-term drop in physical jobs then those prices will drop further, attracting a younger crowd that values aspects of the city other than proximity to a workplace. I've been apartment hunting and a lot of brokers say there's already a huge influx of younger renters, and I have multiple friends looking to migrate from Brooklyn to Manhattan due to rent drops.

Re: Remote work is here to stay – Manhattan may never be the same

#57

Post by clpm4j »

baby wrote: post #35
aphextron wrote: post #8

It's even more pronounced in SF, and it's probably the best thing that has happened to the city in decades, minus the obvious catastrophe of the pandemic itself. A nice studio apartment in a decent neighborhood can be had now for $1500; something unthinkable a year ago. Hopefully this can help start to revitalize the city's culture into something more than a monolithic tech frat party.

Are rents still decreasing? I look on craigslist from times to times and I think I'm seeing less apartments available than like 3 months ago. Although I'm looking at the prices and for what I used to pay for an old 1br, I can get the same but 3br and a parking in low pac height.

They seemed to have pretty much bottomed out. All of the good places and good deals get snatched up within a week or two of listing. The demand is still higher than the supply. Although there does seem to be more places available in the less desirable parts of the city (the northeastern bit) which suggests to me that a significant portion of the people who couldn't really afford to be here have left.

Re: Remote work is here to stay – Manhattan may never be the same

#58

Post by whateveracct »

mrkramer wrote: post #53

Most of big companies are for physical offices because it is hard to manage big work force remotely. Listen to JPMorgan CEO Jamie Dimon https://youtu.be/x8-eUse5hg8?t=413 Things like apprenticeship are impossible to do remotely. Also Zuckerberg is for physical offices for the same reasons Dimon is. Hard to manage, no apprenticeship/internship, no culture. Maybe it is possible for small companies and startups but mana…

maybe if we're lucky, big company culture and practices will be hamstrung going forward.

the hierarchy and control they rely on to seem optimal are outmoded

Re: Remote work is here to stay – Manhattan may never be the same

#59

Post by anthropodie »

lm28469 wrote: post #52
anthropodie wrote: post #28

Indian here offering a slightly different perspective. I absolutely love remote work. Even before pandemic I used to work with remote team all the time only from office. Theirs stigma associated with remote work here. Employers don't trust their employees. But if some employer does offer me remote with same pay as that of in the city I would love to work remotely precisely because - I can work from hometown where liv…

> remote with same pay as that of in the city > I don't have to take a loan of 50 Lakh to buy a 1000 sq ft apartment in the city Isn't the "city pay" made to cover the "city expense". I bet everyone wants to live in Barcelona with a Mountain View salary but that's going to boost gentrification even more

In my current salary structure, theirs no such thing as city pay. But I bet that will be introduced if remote ever becomes a norm. I guess it's not hard and fast for me to only choose remote if salary is same. Ultimately I think market will govern salaries if remote becomes norm and I will just have to adapt in that case. We'll see.

Re: Remote work is here to stay – Manhattan may never be the same

#60

Post by hunter-2 »

anthropodie wrote: post #59
lm28469 wrote: post #52

Earlier quoted context omitted.

> remote with same pay as that of in the city > I don't have to take a loan of 50 Lakh to buy a 1000 sq ft apartment in the city Isn't the "city pay" made to cover the "city expense". I bet everyone wants to live in Barcelona with a Mountain View salary but that's going to boost gentrification even more

In my current salary structure, theirs no such thing as city pay. But I bet that will be introduced if remote ever becomes a norm. I guess it's not hard and fast for me to only choose remote if salary is same. Ultimately I think market will govern salaries if remote becomes norm and I will just have to adapt in that case. We'll see.

Indian companies typically have a 'metro' and 'non-metro' salary structures. People who work in one of the metropolitan cities (I believe it's now Delhi, Mumbai, Kolkata, Chennai, Bangalore, Hyderabad, and perhaps Pune) get paid slightly more than the same position in a non-metropolitan city.

If your role does not have a counterpart in a smaller city (common among sales teams), you may not see the city-pay structure simply because everyone in this role is already in a city-pay structure.

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