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Unemployment in city centers and businesses reliant upon the city commuter and office crowd are not doing well. The unemployment rate of Manhattan is still pre
by formerkrogemp 4y ago
Unemployment in city centers and businesses reliant upon the city commuter and office crowd are not doing well. The unemployment rate of Manhattan is still pretty high for instance. A lot of remote workers have priced out local service workers in some small towns, so some restaurants and businesses are now more or less permanently closed due to short staffing. They can't afford to live where they work so they moved. You could blame AirBnB as well for this development where short term rentals outnumber actual rentals available. Under those conditions I'd expect a detriment to the local economy.
- seydor 4y agohasnt the pandemic been a much bigger shock than remote work ?
- formerkrogemp 4y agoI'd imagine the determining the relative impacts should be best left to policy experts and wonks. I don't think one can determine the impact of the pandemic without also contextualizating the rise of remote work. They cascade and coalesce together.