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Great point, though with remote work becoming commonplace do feds and contractors really need to stay there?
I'm in software development --- not government work, but I've been told that there's a good chance we'll start going back into the office in 3-4 months, which means I still have to live within commuting distance of the office. I have heard similar things from friends in the industry.
Seattle. Look at the stock price of Amazon before Covid and right now. Also MSFT, Costco, as well as significant presence of Google cloud, Facebook, etc.
I'm in software development --- not government work, but I've been told that there's a good chance we'll start going back into the office in 3-4 months, which means I still have to live within commuting distance of the office. I have heard similar things from friends in the industry.
I'm in software, too. I think the belief that this pandemic will make every company that can go all-remote do it is a pipe dream at best. There will be an increase in remote work, but it will not be ubiquitous. Sorry to burst folks' bubbles.
Our team has been working from home since mid-March and our productivity has started trending down over the last 6 weeks. Our company has plans to get 3/4-4/5 of the remote workers back in the office by the middle of next year if possible.
Whichever areas' put the health and safety of their people above all considerations. Those places will recover best. Anyone who thinks greed and selfishness will yield lasting prosperity is crazy.
Whichever areas' put the health and safety of their people above all considerations. Those places will recover best. Anyone who thinks greed and selfishness will yield lasting prosperity is crazy.
Although that's a big part of the recovery, it is just one aspect.
Wish I had saved this article I was reading yesterday.
It showed the cities that has been hit the hardest thus far in terms of loss of service industry revenue.
I think Miami was near the top for big cities.
Although Miami is in a state where greed and politics are being placed over people's health, I would think it would still be in a lot of hurt despite that.
On the flip side there are cities who are not doing as bad despite being in states that also put money and politics ahead of it's people's lives because these cities are less service dependent.
I also saw an article that was discussing permanent closures of small businesses.
Yes new businesses will be created once this pandemic eases, but all these permanent losses you don't just bounce back from. Some of my favorite restaurants have completely closed up shop
They have the largest concentration of federal government/contracting employment in the country which is a historically relatively recession “proof”
Quote:
Originally Posted by 18Montclair
Whichever areas' put the health and safety of their people above all considerations. Those places will recover best. Anyone who thinks greed and selfishness will yield lasting prosperity is crazy.
^^^Agreed with both of these posts.
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