“The problem is so big that it is imperiling the economies of the cities themselves.”
Not everyone loves remote working. As the Wall Street Journal reports, cities have been hurt by all those Zoom meetings — some more than others. Just 10% of workers have returned to offices in New York City offices and 15% to those in San Francisco, lagging behind Los Angeles (32%), Dallas (40%), and the national average (about 25%). For New York City, that has led to a “$9 billion drop in sales tax” and other revenue.