Depending on the city, you could easily be looking at a 100% cost rise in rent, a few thousand on car maintenance and gasoline depending on your car a year, a few thousand on food, about ~12% reduction in wage, and a few days of lost PTO.
Depending on the city, you could easily be looking at a 100% cost rise in rent, a few thousand on car maintenance and gasoline depending on your car a year, a few thousand on food, about ~12% reduction in wage, and a few days of lost PTO.
This is I think where hybrid (with weekly attendance) really makes more sense in theory than in practice, ending up as worst of both worlds depending.
With in-office you pay a premium for location that is good for commuting.
With remote you can choose a cheaper location without the commute constraint (maybe 50% off), somewhat offset by needing more space to setup a proper home office (add back 10-20%).
With hybrid you still need to be close enough that 2 days/week of commuting is tolerable and ALSO need space for a home office.
Yes it’s “easier” (sometimes) than working, but it’s still time I dedicate to work. Its entire purpose exists because work exists.
I used to have a really gnarly commute (1.5 hours one way, so 3 hours total, 3.5-4 if there was an accident). The level to which it affected my finances is one thing, but it absolutely demolished my quality of life. I couldn’t socialize, sleep, or even cook for myself due to the exhaustion. And spending minimum of 12 hours a day sitting destroyed my body and mental health. Not to mention traffic is not peaceful, it’s stressful. You have to constantly be “on” and paying attention. Even a single second of distraction can be an accident.
On the employee side, the solution is to ALWAYS factor in your commute time. A job that pays 20,000 dollars more a year can easily not be worth it if the commute is insane. If you have to double your rent to make it work, it's probably not worth it.
I factor in commute like I factor in other benefits, like health insurance and PTO. My salary can't necessarily replace those, so they implicitly have a higher value than money alone. It would take a really nice salary to override them. And I think that's why we see absurd salaries in places like Seattle. They know employee's are doing this calculus, they can't afford to pay 100,000 like you can in, say, Texas.