Posted on 03/24/2024 6:30:09 AM PDT by Lockbox
Up to ten million new “Americans” from south of the border and limited new apartment construction due to high interest rates.
Plus you recoup on the commute time.
I was preparing a ppt on why it was beneficial to WFH. Compared my area to where headquarters was.
Plus, showed how spread out across the country the team really was and that all the yak-yak about being in office really meant nothing.
Congressional spending creates new dollars.
Since the BRICS people are starting to deal in their local currencies, we can no longer hide the spending in overseas deals and purchases, so inflation shows up here immediately.
That and Biden deliberately destroying both our oil and much of our supply chains.
Exactly. And who needs the high taxes, liability, capriciousness and general governmental dysfunction associated with the big cities?
I don’t want to house illegals and drug addicts.
I want their lives to be as miserable as we can possibly (legally) make them, in order to motivate correct behavior.
You nailed it.
In our economic and social system, nothing is immune, big or small. Think of all the things that have gone the way of the dodo bird (random list)....
-local drug stores
-the landline phone
-pay telephones
-local hardware stores
-the IBM Selectrect typewriter
-the IBM mainframe
-countries
-churches
-inner cities (now, the hood)
-passenger trains
....and so many, many more.
Nothing is immune, and it will not stop. In fact, it will likely accelerate (i.e., AI). No matter how big, prolific, or small, it can disappear—sometimes quickly and sometimes slowly (including us).
AI is going to become huge. So it's going to be real easy to lay off remote workers?
“This unwinding will be interesting to watch.”
*************
The only question is what will trigger the coming economic collapse? Its a sinkhole waiting to happen.
Will it be CRE, persistent inflation, shrinkage of discretionary income, or some external event?
And one wonders how can this government avoid further downgrades by the ratings agencies?
Doubt it. The taxes will be doubled at least to compensate for the lost tax base. 10% would be the floor.
Venice is the new model. Cities as mere tourist attractions where nobody actually lives there.
The cratering is only temporary.
Like Nero letting Rome burn to clear the way for his palace.
I thought it would have already caused a collapse.
I have learned that I have no eye for timing.
It has also been pointed out to me, whether true or not, that the reason we are still okay is because everywhere else is worse.
I don’t see how that’s good long term.
There was a book published 10 years or so called "Bullshit Jobs". It pointed out that a huge percentage of modern jobs are just boring, repetitive work, done in cubicles, for no reason which is truly crucial for a company's survival.
Jobs in transportation, banking, insurance, law, advertising, politics (!), and lots more are often like this. People tapping on keyboards to create documents and ledgers and charts which no one really looks at or needs. You can be in the office, you can be remote. Doesn't matter. Because this type of work really doesn't matter. But millions of people are employed, doing this work that doesn't matter.
And AI can do it better, faster, cheaper. It's boring, mindless, repetitive work.
I think the number of eventual layoffs is going to be huge. Within the next 5 years.
Seems like the corporations are getting prepared for that day. And some quality workers will get replaced too. We're not going to need code monkeys when AI can do it for you.
If so, get ready for UBI.
I do think at least 30% of corporate jobs are useless. Likely higher.
Um, that hasn’t worked. I take it you’re not stepping over or weaving through them to get to your car in the morning. I hate to tell you but the big blue crap hole American city powers that be will ensure there’s more on the way.
Easy! Because you are one of a dwindling number paying for all the rest of the bums who are NOT paying.
Some people say that they could turn these unneeded Office Buildings into Condominiums and apartments.
But then other people say it’s way too costly to retrofit buildings intended to be offices and convert them to residential use.
So who knows what the future holds ,if we will see office buildings that are half empty for the foreseeable future.
I’ve heard that about Venice. I’ve heard how most people who work in Venice live on the mainland and not in Venice.
And, that big numbers of people who work in Venice have jobs there because of the tourist industry in Venice.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.