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This is uninformed speculation, but it seems like remote work becoming more common could be better for lower-income people everywhere, by creating an "evening o
by skrtskrt 6y ago
This is uninformed speculation, but it seems like remote work becoming more common could be better for lower-income people everywhere, by creating an "evening out" of job opportunities, away from places where housing supply is too low.
People crowd into the cities for the high-paying jobs, and they create demand for the lower-paying service industries and such. So people also crowd to the cities for the lower-paying jobs, but housing is scarce and therefore expensive. They still come though, even though so much of their money goes to rent, because the city has actual (if low-paying) jobs, and opportunity for other, better jobs.
So if the higher paying jobs "spread out" to suburbs and smaller cities, there will be more of that demand created by higher-paid individuals, creating lower and mid-paying jobs in those areas too, instead of what they have now which is like, cashier at the Starbucks or Chipotle. So if more people can have opportunity outside the major cities - high, mid, or low-paying - then housing demand wicouldll drop in the cities and make it more realistic for people who still prefer to live there.
Housing demand will rise in suburbs, but there tends to be a lot less zoning regulation and lot more sprawl there than in cities, so hopefully the effect is dampened. My experiences with suburbs/exurbs is that the housing supply is often too high if anything due to zealous developers trying to cash in on empty farmland.
This is all kind of long-term wishful thinking, but it seems possible.