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.
“Correct, and here’s what’s next:”
New Yorkers moving to Florida, Arizona, Texas, Georgia, and North Carolina will continue to vote Democrat and pour money into the coffers of Democrat politicians at the state and local level. They will push lean governments to enact regulation and add social programs. They will support big bond issues and expensive infrastructure programs. Taxes will rise to support the programs and pay the bond interest. Within ten years their tax burden will be where it was, middle class neighborhoods will be converted to slums. All for the good of the people.
Yep. See my post 22 about my son-in-law and his company.
- 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
Bingo
Debt destruction followed by Asset destruction
Instead of selling the contents of their museums they repatriate them ... unless made by Christian white people in which case they get hidden away or even destroyed. Muslims buy up the land and build victory mosques or convert empty church buildings (same damnable difference).