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all else being equal the economy prefers you spend all that money. As long as there's a lot of surplus money floating around, better to get more of it moving.
by sixo 3y ago
all else being equal the economy prefers you spend all that money. As long as there's a lot of surplus money floating around, better to get more of it moving.
Less commuting will eventually equilibrate, one hopes, to:
* lower $ and psychological overhead on jobs that used to commute
* meaning more jobs and businesses get to exist
* wages might go down due to competitive pressure, or might go up, depending on the shape of the landscape
* some of the money and saved will be diverted to other activities like the things you listed
* or things get worse! who knows! it's path-dependent!