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How do you do taxes for something like this? Like lots of employees working in lots of different states/countries, no “home base”. Is there an easy way to do it?
Too bad coinabase\s approach to crypto is centralized. They operate a blocklists to prevent people from sending funds to certain addresses . Even paypal does not do this.
Earlier quoted context omitted.
Until they're replaced with a team in Jakarta or Dhaka making 10% of what they made.
You really believe an in office work environment was the only thing preventing this from happening? Top talent gets paid the most.
If everything is remote work, you hire the same worker, and pay them Jakarta rates (you can sub Jakarta for any very-low COL city).
Bay Area tech scene jumped shark in 2016. Was a fun time to be there but that time has passed.
Earlier quoted context omitted.
One thing the average worker should watch out for is companies who perform geographically adjustment pay scales. Some WFH companies now even list that as a benefit that they do not do these type of adjustments. I'm not sure what the best answer is to that but feel many are using it as an excuse to pay workers less.
Why wouldn't companies use WFH for their own benefit? They are businesses. I find it weird that western workers somehow imagine that WFH means that they can happily work remote but not compete with other remote workers. The fact is that their big value-add has been the physical contact with the employer, as employers want to interact with their employees f2f for god knows what reason.
We've only been doing mass WFH for a year. Many companies have been saying things very similar to Coinbase, but I'm not sure if long-term mass WFH will prove to that great (for the company, I'd argue it certainly won't be great for the average worker).
Why not? Yes, to the sibling comment, there's the potential issue of pay adjustments that may (or may not) leave employees better off. But, in general, some percentage of employees do seem to want full remote and the majority want to work from home at least half the time. I agree that it's a negative for people who want to go back to an in-person office most days before time. But I assume that there will be many comp…
For the company: - Lower productivity (burnout, people not adequately connected, people not on same page, more difficult to manager remote workers, more distractions) - Less innovation - Less / No company culture - Less employee satisfaction; harder to recruit at all WFT firms - Difficulty onboarding new employees
For employees: - Competing with talent globally, lower wages - Fewer perks - Less community, more atomization
How do you do taxes for something like this? Like lots of employees working in lots of different states/countries, no “home base”. Is there an easy way to do it?
This reminds me of how Valve Inc. touts a flat-hierarchy where no one has a boss and you can work on whatever project you'd like. But in reality Valve employees complain about constant office politics and de-facto team structures. Conceptually a decentralized structure sounds great but it creates power and process vaccuums. And in those vaccuums centralization manifests itself based on office politics. I predict some…
Too bad coinabase\s approach to crypto is centralized. They operate a blocklists to prevent people from sending funds to certain addresses . Even paypal does not do this.
I can see a future where office work is so rare that it's considered to be a major benefit only afforded by large corporations.