“The problem is so big that it is imperiling the economies of the cities themselves.”

Marker Editors
Marker
Published in
1 min readSep 29, 2020

--

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.

And that’s just the tip of the iceberg, as editor-at-large Steve Levine, recently wrote in Marker. Everything ranging from business travel and commuter spending to coffee runs, dry cleaning drop-off and pickup, and dining at local restaurants and bars — undergirds an entire business ecosystem supporting upwards of 100 million workers. All told, the white-collar office economy adds up to more than a trillion dollars.

--

--