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Also a huge third thing: * Large portions of the middle class and professional class got temporary, permanent, or indefinite semi-permanent Work From Home priv
by eli_gottlieb 5y ago
Also a huge third thing:
* Large portions of the middle class and professional class got temporary, permanent, or indefinite semi-permanent Work From Home privileges, leading lots of people who'd been renting small apartments in the cities to buzz off for a larger house out in the burbs. This leads to a lot of consumption of household goods.
- ukoki 5y agoHere in the UK at least, those middle and professional classes also saved lots of money due to reduced expenses -- no holidays, no socialising, no commuting etc. https://www.bankofengland.co.uk/bank-overground/2020/how-has-covid-affected-household-savings https://www.bankofengland.co.uk/bank-overground/2020/how-has... I'm sure many high-earners finally got the "FU money" savings required to risk resigning without having new job lined up.