What we are seeing here, and in many other cities across the world, reminds me of the Cantillon effect[1]. Basically, businesses which are in closer economic p

What we are seeing here, and in many other cities across the world, reminds me of the Cantillon effect[1]. Basically, businesses which are in closer economic proximity are receiving the benefits of inflationary monetary policy sooner. This leads to higher wages for their employees, and higher profits for the B2B business partners, slowly spreading the new money out into the economy. This seems to be leading to large gluts of artificially wealthy people in some areas, bidding up prices in their local economy, and then searching for areas to move into where the effect of the recently printed money hasn't taken hold yet. The result of this would be a shift in those new economies to cater for the influx of new money coming from the newcomers, and away from dealing with locals who, for the most part, are yet to receive any of this money. And when they finally do begin to have wage increases, even more money has been created flowing at a greater rate to the newcomers. [1]: https://www.adamsmith.org/blog/the-cantillion-effect https://www.adamsmith.org/blog/the-cantillion-effect