NOTEBOOK – One Good Read: Facebook’s remote-work pay cuts are going to get complicated

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Here’s an interesting take from the Hustle about how remote workers may earn less if they move to less-costly areas of the country — such as Iowa. “You may have heard about the big catch in Mark Zuckerberg’s remote-work announcement last week: Facebook employees who move away from Silicon Valley might be in for a salary cut. The company will adjust its pay according to an employee’s new hometown.” It makes me wonder whether Silicon Valley workers would be willing to take a pay cut to live in Iowa. Maybe. According to one survey, 35% of Bay Area tech workers said they’d move out even with a salary reduction. But there are limits: Of the workers OK with a pay cut, only 6% said they would accept a reduction greater than 30%.