Remote work is here to stay. Companies have paused buying up real estate in urban areas. Residents are fleeing big cities to avoid the virus. Entertainment ecosystems have virtually stopped. Which leads planetmoney to ask: what's the future of cities?
they will be allowed to work remotely forever. With so many high-paid jobs untethered from their urban offices, we've been wondering what this all means for the future of cities.
Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier, and Happier Glaeser remains a champion of cities, but he says it's possible they're in for a long period of trouble. He remembers the New York City he grew up in during the 1970s. Back then, manufacturers left, poverty got worse, crime and drugs pushed families into the suburbs, property values plummeted, and the city almost declared bankruptcy. That dark period for New York and other cities, he says,"should remind us that urban success is not foreordained.
The second magnet was the entertainment. You know, all those ramen shops, hidden speakeasies, comedy clubs, art installations, and cat cafes, crammed full of fun people in unique sneakers. The rise of an urban class of young professionals with time and cash to burn nurtured a growing ecosystem of cool stuff to do. Glaeser calls it"the consumer city."
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