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Las Vegas, a town where the majority people are employed in the hospitality/leisure industry (casinos, restaurants, convention prep, etc.) SF where a huge amou

Las Vegas, a town where the majority people are employed in the hospitality/leisure industry (casinos, restaurants, convention prep, etc.) SF where a huge amount of the residents have left the city since a majority of the white collar employees are WFH for the foreseeable future. Not sure how you can take these places and extrapolate for the economic health of the entire country...

nkozyra 6y ago
You can special case any city or town. I don't think WFH is endemic to SF, for example. And economic effects cascade down.
- iso1631 6y ago
  > I don't think WFH is endemic to SF, for example Certainly not. I don't think it's bad either, but some people (owners of expensive offices) do. https://www.bbc.co.uk/news/business-53925917 https://www.bbc.co.uk/news/business-53925917 -- Warnings of 'ghost towns' if staff do not return to the office As to shareholders of chain coffee/lunch stores -- https://www.bbc.co.uk/news/business-53939526 https://www.bbc.co.uk/news/business-53939526
  - nkozyra 6y ago
    > I don't think it's bad either, Of course, but it has a significant, fundamental impact on huge aspects of "the economy" as we know it. Large segments of commerce - particularly in the U.S. - pivot heavily on people spending time and money commuting, spending time in an office, eating and drinking at nearby establishments, etc. The effects will take some time to shake out.
    - Fjolsvith 6y ago
      It will be interesting to see if they invest that extra money, and add to the boom of the economy.
    - iso1631 6y ago
      Big losers in UK would be Overpriced coffee shops (not Central Perk style ones in neighbourhoods - takeaway chain ones) Daily Mail (the metro readership will vanish) The trains will be interesting - especially in London. UK rail infrastructure is built to cope with large numbers of peak time commuters travelling with large discounts. That infrastructure won't vanish, but the income will (a £3k a year discount for a season ticket still means you're paying £4k a year - if that goes, times a million, it's a lot of operating revenue with little drop in costs)

nkozyra 6y ago

You can special case any city or town. I don't think WFH is endemic to SF, for example. And economic effects cascade down.

iso1631 6y ago
> I don't think WFH is endemic to SF, for example Certainly not. I don't think it's bad either, but some people (owners of expensive offices) do. https://www.bbc.co.uk/news/business-53925917 https://www.bbc.co.uk/news/business-53925917 -- Warnings of 'ghost towns' if staff do not return to the office As to shareholders of chain coffee/lunch stores -- https://www.bbc.co.uk/news/business-53939526 https://www.bbc.co.uk/news/business-53939526
- nkozyra 6y ago
  > I don't think it's bad either, Of course, but it has a significant, fundamental impact on huge aspects of "the economy" as we know it. Large segments of commerce - particularly in the U.S. - pivot heavily on people spending time and money commuting, spending time in an office, eating and drinking at nearby establishments, etc. The effects will take some time to shake out.
  - Fjolsvith 6y ago
    It will be interesting to see if they invest that extra money, and add to the boom of the economy.
  - iso1631 6y ago
    Big losers in UK would be Overpriced coffee shops (not Central Perk style ones in neighbourhoods - takeaway chain ones) Daily Mail (the metro readership will vanish) The trains will be interesting - especially in London. UK rail infrastructure is built to cope with large numbers of peak time commuters travelling with large discounts. That infrastructure won't vanish, but the income will (a £3k a year discount for a season ticket still means you're paying £4k a year - if that goes, times a million, it's a lot of operating revenue with little drop in costs)