Quote:
Originally Posted by cardeza
I def think this is going to have an impact on the desirability of NYC long term,
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This. As someone who works in New York but has a presence in Philadelphia, I think ultimately NY is going to lose some of its stickiness, if you will.
I live in Brooklyn during the week and work for a company (in Manhattan) which already has a relatively liberal work from home policy. Just yesterday, I was talking to my head of HR on an entirely different matter and I explicitly asked her 1. what her best guess (honest) estimate was on when we'd be back in the office and 2. what she saw as the effects of this thing.
She said, 1. June 1st and even then, it would be "optional" as people are rightly worried about commuting on NYC subways. And 2. she said it's proven that we can have an even more lenient WFH policy than we do, because as a company, we've proven we can continue to accomplish our goals remotely (we've launch a ton of new heavy lift initiatives in the last month during WFH and it hasn't seemed to have effected things).
That being said, we will continue to have an office in Manhattan, as it's where the executives want to be, but there will be less pressure to be in the office on a daily basis. Which would mean, over time, we would probably shrink our footprint on a per person basis.
I've already thought that if I could work from home even 2 days a week (consistently), I could relinquish my apartment in BK and just do the long haul commute 3 days a week on Amtrak. If I didn't come all the way back to Philly permanently, I could at least do somewhere like Yardley and commute to NYC on NJ Transit, then continue to spend my weekends as I already do in Philadelphia.
If I could give up my NY residency, I would save about 15-20K in taxes alone.
The other thing that this has demonstrated is that the healthcare in NYC is basically shit relative to the stature of the city. I know Cuomo is doing everything he can do, but I left town (NYC) because god forbid something were to happen to me, I don't want to be in any of those hospitals. The morbidity rate in NYC is much higher than other 1st tier cities in the US. It's terrifying right now.