In the context of transportable incomes we have some recent news from those ever-innovative highly paid Silicon Valley folks.
As part of the response to COVID, Google, FaceBook, et al, have instituted much wider work-from-home programs with strong statements that management intends this to be a permanent feature of their corporate landscape.
Which immediately led to lots of talk amongst the employees that if this is permanent they’ll likely to move to cheaper Idaho, Nevada, etc., and live like royalty.
At which point some managements announced publicly that folks moving out of high cost areas will have their wages adjusted downwards to match their new locale’s cost of living. Cheaters will be fired when uncovered.
(MarketWatch article about FaceBook)[Facebook employees may face pay cut if they move to cheaper areas to work from home - MarketWatch]
(Damn if I understand why markdown for some urls works and some don’t)
The truly transportable income is the one based on investments and pensions. Unfortunately by the time most people have acquired those they’re old enough that concerns about medical care, elder support, etc. begin to loom large.