The shift to remote work is costing New York City more than $12 billion each year. Office workers are spending $4,661 less per person in the areas near their offices than before the pandemic began, according to a Bloomberg analysis of a Feb. 12 WFH Research study. The Big Apple has seen the largest reduction in spending across the country, with a deficit of $12.4 billion a year. "Less spending by workers in the central areas means a lot less sales tax revenue," Jose Maria Barrero, a professor at Mexico’s Instituto Tecnologico Autonomo and a member of the WFH Research...