The Return (or Not) of the Day-Time Economy
Ever been to Boston's financial district on the weekend? Empty streets, restaurants and shops closed, tumbleweeds at the T stops...you get the picture. Its the 24/7 experience right now across many major cities in the U.S. As hopeful talk of reopening the economy gets louder, few believe everything returns to the old normal overnight, if ever. This latency will impact different cities in different ways. Jobs that can be done remotely will likely return slowest. If those workers live outside a given city that portion of the day-time economy will be missing from sales receipts and public transit receipts. Analyzing where people live, where they work, the jobs they do and how they commute unlocks this insight.
Below are US cities of between 100,000 and 1 million in population showing the cities with the biggest potential gaps in their day-time economies - and taxes - from lingering remote work, and the public transit reliance of a city's commuters.
The transit systems in hubs like Boston, San Francisco and D.C. are most vulnerable to loss of remote workers to suburbia. The likes of Irving, Atlanta and Pittsburgh have more car-centric commuters, but nonetheless have higher remote-work economic vulnerabilities in their day-time economies.