4 ms·
I think there’s a lot of jobs that will never come back. While visiting HQ in Washington, I noticed most of the little cafes and convenience stores around the a
by underseacables 6y ago
I think there’s a lot of jobs that will never come back. While visiting HQ in Washington, I noticed most of the little cafes and convenience stores around the area were closed or only open for lunch. We’re at 60% working from home, and management is considering how to push that to 90%. If companies like mine, a large SAS monolith, move their people out of the offices and buildings, who will shop and dine at those small places? I worry they may not recover.
- WarOnPrivacy 6y agoThey may not recover. The pandemic didn't craft a new future, so much as accelerate the timetable of the one that was coming anyway. Working from home took off because corp's legacy-driven resistance was eroded by catastrophic events rather than typical ones.
- dredmorbius 6y agoReal-estate interests, including banks for whom mortgage securities are a massive asset class, are a key factor in the anti-work-from-home constituency. And the major Fed constituency. The shift here could be striking.
- 908B64B197 6y agoThey'll move to mixed-use residential areas where people live.
- WarOnPrivacy 6y agoI'm skeptical of that only because hostility toward anything but purist zoning is pretty well entrenched in every inch of the US.
- 908B64B197 6y agoCovid might change that. People that are completely working from home will want to have proximity shops.
- WarOnPrivacy 6y agoI haven't really considered that. Current zoning conventions are so counterproductive. Maybe there's cause for optimism.