Now he lives in Phoenix, Arizona. “As of June,” he told me, “I had never even been to Phoenix.” And then he moved there. He does all his meetings on Zoom....
Perception. Business needed the prestige address for credibility. Now, folks understand you need to use MS Teams and work remotely. Goodbye $$$$ overhead
Perception. Business needed the prestige address for credibility. Now, folks understand you need to use MS Teams and work remotely. Goodbye $$$$ overhead
Correct, and here’s what’s next:
- Employees take their big city salaries and buy nice properties in the suburbs and rural areas
- Employers realize they don’t need the prestigious city addresses, city wage taxes, or high rents, and relocate their HQ’s outside the cities, or go completely virtual.
- Employers THEN realize that they don’t need to pay higher wages to attract employees, because they aren’t asking the employees to live in areas with higher costs of living
- Wages readjust, and everybody wins. Except the cities, the democrats who run them, and the woke morons still living in them
What’s next is anyone’s guess.