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> ... [W]orkers tend to spread out geographically during an economic cycle’s later stages, economists say, raising questions about how these cities will fare in
by jt2190 7y ago
> ... [W]orkers tend to spread out geographically during an economic cycle’s later stages, economists say, raising questions about how these cities will fare in a downturn. Workers are usually more confident—and employers more lenient—when the economy has been flourishing.
> In 2017, some 5.3% of adults in metro areas of between 500,000 and three million people worked from home, a rough proxy for remote workers. That was up from 3.7% a decade earlier...
It’ll be interesting to see whether these workers will be able to maintain their “big city” salaries over time, and how they’ll fare in a economic downturn (e.g. they’ll be far away from “most” jobs in their sector.)
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