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Nick Bloom Profile picture
Nick Bloom
@I_Am_NickBloom
Stanford Economics Professor, research on Working From Home, co-founder of https://t.co/CWq4DqmFvI
Dec 29, 2022 • 9 tweets • 4 min read
Another indicator that #WFH is permanent: public transit journeys stabilizing at 35% below 2019 levels.

This raises concerns over the survival of public transit systems. Costs are heavily fixed - think train and subway networks - but revenue is way down with 35% less journeys. Thanks for great comments.

Yes shopping (see figure), eating out and entertainment are almost back at pre-pandemic levels. So commuting must have dropped >35%.

Yes this is big cities - 30% NY, 30% DC, Chicago etc - so a heavy office commuting skew. So aligns with Kastle data.