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1996

College currently sell an "experience" with clubs, restaurants, football teams, fraternities, housing, a nice campus with trees and lakes, etc. This isn't free. It has pushed up the price of education.

If education turns remote, I would expect prices to fall (and layoffs for the administrative staff), unless a similar experience part can be replicated online (which I strongly doubt)

This is the exact opposite of work vs remote work: if WFH becomes the default, I would expect wages to rise, as the most "experience" provided in the workplace (with nice offices, nice chairs, window view, in a nice campus with amenities like catering etc) will be footed by the employee in a WFH setting

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If working from home becomes the default then wages will fall because employers will be able to select employees who live anywhere. Working in a physical office constrains the labor supply to workers who live nearby (or are able to relocate).

This could work both ways. Workers have more options for employment meaning they can jump to a higher paying job without having to uproot their life.

It will fall for people living in high cost areas like SF and NYC, but it will rise for people living in low and mid cost areas like Dallas or Cleveland because now companies in SF can easily hire the best developers in Dallas cheaper than average developers in SF by paying them more than the average Dallas rates.

> This is the exact opposite of work vs remote work: if WFH becomes the default, I would expect wages to rise, as the most "experience" provided in the workplace (with nice offices, nice chairs, window view, in a nice campus with amenities like catering etc) will be footed by the employee in a WFH setting

Pocket lint compared to the unavoidable costs of employing someone in terms of monetary and in kind compensation and taxes. Knowledge workers are a lot more expensive to employ than the ancillary capital that goes along with getting the benefit of their Labour.

> most "experience" provided in the workplace (with nice offices, nice chairs, window view, in a nice campus with amenities like catering etc) will be footed by the employee in a WFH setting

Will these expenses be as tax deductible for WFH employees as they are for business? Is live/work zoning common?

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