Thread regarding Wells Fargo & Co. layoffs

People aren't going to move back for RTO.

Good luck trying to hub and spoke around this.

https://eig.org/how-remote-work-is-shifting-population-growth-across-the-u-s/

Key findings

  • New county level population growth data reveal that 2021 marked a clear break from past trends, not a continuation of them.
  • The patterns of growth are consistent with remote work being an important driver of population loss in dense urban counties. Further, the shrinking gap between urban and suburban home prices suggests a significant portion of this urban exodus is permanent, not driven by temporary pandemic-related factors.
  • Factors associated with population loss in more urban counties are high home prices, density, lots of jobs that can be done from home, and a labor market agglomeration.
  • Places that saw accelerated population growth included smaller, less urban counties with high concentrations of vacation homes and communities with long commute times, which suggests desirable locations pre-pandemic.
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| 1712 views | | 4 replies (last August 17, 2022) | Reply
Post ID: @OP+1ieymKLA

4 replies (most recent on top)

I don't know about you but I want to get the he-l out of this city.

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Post ID: @2ifn+1ieymKLA

I agree hub locations is such a dated approach it’s bound to fail.

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Post ID: @1hwb+1ieymKLA

There's nothing racial about this. People that are able to do so relocate for a better life. It's how things were designed to work BTW, poor state level policy will tend to get negative reinforcement in the form of flight of residents. If you want to keep people in your state, act accordingly.

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Post ID: @1bgp+1ieymKLA

40 years ago they called this White Flight. Same thing, different times.....

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Post ID: @bty+1ieymKLA

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