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Remote Work Is Killing the Hidden Trillion-Dollar Office Economy
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<blockquote data-quote="cheryl" data-source="post: 2548" data-attributes="member: 1"><p><a href="https://marker.medium.com/remote-work-is-killing-the-hidden-trillion-dollar-office-economy-5800af06b007" target="_blank"><strong>Remote Work Is Killing the Hidden Trillion-Dollar Office Economy - Marker</strong></a></p><p></p><p><strong>From airlines to Starbucks, a massive part of our economy hinges on white-collar workers returning to the office</strong></p><p></p><p>For a decade, Carlos Silva has been gluing, nailing, and re-zippering shoes and boots at Stern Shoe Repair, a usually well-trafficked shop just outside the Metro entrance at Union Station in Washington, D.C. On a typical day, he would arrive at 7 a.m. and stay until 8 p.m., serving the crowds of professionals shuttling by on their way to work. But since the near-shutdown of office work and train travel, he has been closing the shop at 4 p.m. “There is no traffic, my friend. The whole station is dead,” says Silva. “Now it’s only a part-time job.”</p><p></p><p>In the five months since the coronavirus forced a lockdown of U.S. businesses, economists have focused much attention on the devastation of mom-and-pop businesses, brick-and-mortar shops, bars and restaurants, and massive chains. But they have mostly overlooked a looming threat to a vastly larger and more consequential galaxy of businesses, one worth <a href="https://advocacy.sba.gov/2019/01/30/small-businesses-generate-44-percent-of-u-s-economic-activity/" target="_blank">trillions of dollars</a> a year in GDP and revolving around a single, much underappreciated economic actor — the white-collar office worker.</p><p></p><p>As companies in cities across the U.S. postpone and even scrap plans to reopen their offices, they have transformed once-teeming city business districts into commercial ghost towns comprised of essentially vacant skyscrapers and upscale complexes. A result has been the paralysis of the rarely remarked-upon business ecosystem centering on white-collar workers, who, when you include the enterprises reliant on them, account for a pre-pandemic labor force <a href="https://www.dpeaflcio.org/factsheets/the-professional-and-technical-workforce-by-the-numbers" target="_blank">approaching 100 million</a> workers.</p></blockquote><p></p>
[QUOTE="cheryl, post: 2548, member: 1"] [URL='https://marker.medium.com/remote-work-is-killing-the-hidden-trillion-dollar-office-economy-5800af06b007'][B]Remote Work Is Killing the Hidden Trillion-Dollar Office Economy - Marker[/B][/URL] [B]From airlines to Starbucks, a massive part of our economy hinges on white-collar workers returning to the office[/B] For a decade, Carlos Silva has been gluing, nailing, and re-zippering shoes and boots at Stern Shoe Repair, a usually well-trafficked shop just outside the Metro entrance at Union Station in Washington, D.C. On a typical day, he would arrive at 7 a.m. and stay until 8 p.m., serving the crowds of professionals shuttling by on their way to work. But since the near-shutdown of office work and train travel, he has been closing the shop at 4 p.m. “There is no traffic, my friend. The whole station is dead,” says Silva. “Now it’s only a part-time job.” In the five months since the coronavirus forced a lockdown of U.S. businesses, economists have focused much attention on the devastation of mom-and-pop businesses, brick-and-mortar shops, bars and restaurants, and massive chains. But they have mostly overlooked a looming threat to a vastly larger and more consequential galaxy of businesses, one worth [URL='https://advocacy.sba.gov/2019/01/30/small-businesses-generate-44-percent-of-u-s-economic-activity/']trillions of dollars[/URL] a year in GDP and revolving around a single, much underappreciated economic actor — the white-collar office worker. As companies in cities across the U.S. postpone and even scrap plans to reopen their offices, they have transformed once-teeming city business districts into commercial ghost towns comprised of essentially vacant skyscrapers and upscale complexes. A result has been the paralysis of the rarely remarked-upon business ecosystem centering on white-collar workers, who, when you include the enterprises reliant on them, account for a pre-pandemic labor force [URL='https://www.dpeaflcio.org/factsheets/the-professional-and-technical-workforce-by-the-numbers']approaching 100 million[/URL] workers. [/QUOTE]
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Remote Work Is Killing the Hidden Trillion-Dollar Office Economy
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