Thread... It's Google today. Others will follow.
You cannot understate the impact of WFH on our economy.
1. HOUSING. We're already seeing the trend of people moving away from expensive cities and into burbs/country if they don't have to go to an office regularly.
You cannot understate the impact of WFH on our economy.
1. HOUSING. We're already seeing the trend of people moving away from expensive cities and into burbs/country if they don't have to go to an office regularly.
2. RETAIL. You don't need a full wardrobe (or for some, pants) when you WFH
3. RESTAURANTS, BARS, CAFES. Anyone who spent loads to be near major biz hub is in jeopardy. Foot traffic is already down. But there will also be new opps to locate where people need an escape from home
3. RESTAURANTS, BARS, CAFES. Anyone who spent loads to be near major biz hub is in jeopardy. Foot traffic is already down. But there will also be new opps to locate where people need an escape from home
4. COMMERCIAL REAL ESTATE. Office space, restaurant space, retail space – we just don't need as much of it.
5. EDUCATION. WFH doesn't solve the schools closed situation, but it could help make decisions for those with $$ and greater optionality.
5. EDUCATION. WFH doesn't solve the schools closed situation, but it could help make decisions for those with $$ and greater optionality.
6. TAXES. How do they not go up in cities where people are leaving, resources are already constrained because of the pandemic?
7. WAGES. Big companies whose employees can WFH no longer have to pay as much for workers who can seek a lower cost of living.
7. WAGES. Big companies whose employees can WFH no longer have to pay as much for workers who can seek a lower cost of living.
8. SERVICE WORK. What is less clear is what happens to these jobs where WFH is not possible, currently clustered in cities and locations around the professional hubs that no longer demand their work. It’s not as simple as “moving to the country”
