Why a Blue City Is Feeling the Blues
https://www.nytimes.com/2022/01/17/opinion/new-york-city-wall-street-economy.html
Paul Krugman:
“The odd thing about New York’s troubles is that in some ways the city’s export base has been holding up fine; Wall Streeters aren’t decamping en masse. But what Wall Street has stopped doing, for now at least, is going to the office — because finance turns out to be one of those industries in which a lot of work can be done remotely. This in turn means that financial workers aren’t buying lunch, shopping downtown, going out to eat and so on”
Paul Krugman:
“The odd thing about New York’s troubles is that in some ways the city’s export base has been holding up fine; Wall Streeters aren’t decamping en masse. But what Wall Street has stopped doing, for now at least, is going to the office — because finance turns out to be one of those industries in which a lot of work can be done remotely. This in turn means that financial workers aren’t buying lunch, shopping downtown, going out to eat and so on”
As Florida home prices spike, middle-class
residents wonder if they can afford to stay
https://www.washingtonpost.com/national/florida-affordable-housing-crisis/2022/01/18/8369ac0c-72ea-11ec-b202-b9b92330d4fa_story.html
Corporate America is coming around to remote work.
But more big changes lie ahead.
https://www.washingtonpost.com/business/2022/01/15/remote-work-omicron/
https://www.washingtonpost.com/national/florida-affordable-housing-crisis/2022/01/18/8369ac0c-72ea-11ec-b202-b9b92330d4fa_story.html
https://www.washingtonpost.com/business/2022/01/15/remote-work-omicron/