More people staying put in big cities
The exodus from big cities to smaller ones seen during the pandemic has slowed, according to a Wall Street Journal analysis of census data. While big city suburbs and small and medium-size metropolitan areas still experienced the most growth last year, more immigrants moved to larger American cities, with more births occurring and fewer people dying — slowing the population decline that happened to urban areas during the pandemic. Stanford economics professor Nicholas Bloom describes the movement as a "doughnut effect." Americans who don't commute to work daily have relocated to the suburbs and pushed up property prices in areas surrounding big cities.
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As someone who was recently laid off, has worked from home for 16 years, but now faced with the realization that WFH may not be an option as I look for my next job, I"m curious how the shift again in the workforce will affect this. Hybrid still seems to be dominant, but there are definitely shifts happening where more time at an office is required. Will this push younger generations that can afford to live in the city without needing much space to stay in the city to avoid big commutes?