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USA: Want to work from home? No problem, but it will cost you
Facebook, Twitter and other large Silicon Valley companies will deduct up to 18 percent of workers' wages due to moving to remote work in other cities and countries.
The employers' argument: "This is not a pay cut, but an adjustment to a reduction in the employee's living costs"
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Saturday, 12 September 2020, 13:12
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In the video: Apple, Google, Amazon and Facebook were questioned at the US Congress about harming competition (Photo: Reuters, Editing: Nir Chen)
Many speak of the praise and condemnation of working from home, of the pros, cons and what lies in between.
But American employers in the high-tech market have begun to price this matter.
On Facebook, Twitter, VMware and other Silicon Valley companies have cut the salaries of passing workers.
The salary of an employee who moves to San Diego, still in California but is a good few hours away, will be deducted 8 percent and an employee who moves to Denver will suffer an 18 percent cut.
The companies' argument is that the issue should not be seen as a "wage cut", but as an "adjustment to a reduction in the employee's living costs".
The workers who chose not to stay in Palo Alto and its environs do so to save on costs like rent and cost of living.
Those who move to Denver pay about 4.5 percent tax, compared to more than 7 percent paid by California residents.
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Jack Dorsey, CEO of Twitter (Photo: Gettyimages)
Of course there is still public criticism of the move.
Here in Israel, the income tax is uniform, and it is only to be hoped that the companies will not draw an example from the giants of Silicon Valley.
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