Attention Economy


Thursday, August 27, 2020

Rise of Work-From-Home Towns

The Rise of Work-From-Home Towns
https://www.bloomberg.com/opinion/articles/2020-08-27/scenic-towns-enjoy-boom-as-work-from-home-becomes-pandemic-norm 

Related:
Affluence Killed New York, Not the Pandemic
https://www.theatlantic.com/ideas/archive/2020/08/who-new-york/615715/
Kevin Baker notes:
“The more New York has allowed working people and small businesses to be driven out of the city, the more it has come to depend on the very wealthiest—people and firms with the wherewithal to move if they don’t get the subsidy or tax break they demand.
New York never got over its beggar’s mentality from the ’70s; even at peak affluence, it was still tossing huge, needless subsidies to corporations and developers in exchange for fanciful promises of job creation. The Hudson Yards development, for instance, cost New York $6 billion in taxpayer subsidies. Yet more than 90 percent of the office workers there were simply relocated from offices in Midtown Manhattan, just a few blocks away”.