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I think you are taking the missteps of perpetually online companies like Amazon and Facebook and conflating that too much with the wider economy. Did the tech

I think you are taking the missteps of perpetually online companies like Amazon and Facebook and conflating that too much with the wider economy. Did the tech sector screw up, yes... That is nothing new for them... the local psychic has a better track record at predicting the future than the Tech Sector Do I believe the problems in the tech sector are indicative to the wider economy. No. NYC, Silicon Valley, and other Extremely "Hot" cities may have an outsized downturn, and a commercial collapse but I know people that live in those places do not like to admit it we here in "Fly Over Country" do exist, and have huge amounts of economic output. increasingly so based on the Investments in Ohio, Michigan, Texas, and other states. The economic shift may be less WFH and more Shifting to other regions of the US as CA, and NY collapse

PKop 4y ago
I'm not talking necessarily about the wider economy, rather only "Companies that are capable of succeeding with remote workers" as I stated, regardless of the label you want to apply to them. But certainly tech/software companies primarily. So let's constrain our point of contention simply to these companies. The larger players have an outsized position in hiring, and a few cities have an outsized position in being the location where these companies and employees operate and live, so the trends in these companies and these locations is meaningful. Even if there's a hybrid strategy where more companies locate in midwest/lower costs areas and they have some remote workers, my claim is there will be less real estate footprint than before covid and more WFH employees. And that this combination, even if just marginal, will be a net benefit for these companies vs themselves before pandemic if they didn't have this strategy before and going forward vs those that don't do it/are intransigent on remote work.
pm90 4y ago
Fly over country does not have the same economic output as the big cities. It’s why most people flock to the big cities. Cities are economic powerhouses at the forefront of innovation and culture.

PKop 4y ago

I'm not talking necessarily about the wider economy, rather only "Companies that are capable of succeeding with remote workers" as I stated, regardless of the label you want to apply to them. But certainly tech/software companies primarily. So let's constrain our point of contention simply to these companies. The larger players have an outsized position in hiring, and a few cities have an outsized position in being the location where these companies and employees operate and live, so the trends in these companies and these locations is meaningful. Even if there's a hybrid strategy where more companies locate in midwest/lower costs areas and they have some remote workers, my claim is there will be less real estate footprint than before covid and more WFH employees. And that this combination, even if just marginal, will be a net benefit for these companies vs themselves before pandemic if they didn't have this strategy before and going forward vs those that don't do it/are intransigent on remote work.

pm90 4y ago

Fly over country does not have the same economic output as the big cities. It’s why most people flock to the big cities. Cities are economic powerhouses at the forefront of innovation and culture.