With remote work plan, Facebook dashes hopes of paycheck arbitrage

Fat hopes: Facebook employees daydreaming of taking their sky-high Silicon Valley pay to other, less expensive parts of the US are in for a rude awakening. — Reuters

SAN FRANCISCO: With Facebook's adoption of permanent remote work on May 21, chief executive Mark Zuckerberg has untethered one of Silicon Valley's biggest companies from the place that incubated it.

But he also dashed a Silicon Valley dream: that tech workers would be able to take their generous salaries with them as they flee the Bay Area's crushing housing costs, dirty sidewalks and crowded roadways.