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The Lingering Effects of Lockdown On Large Cities
Takeaway: A temporary pandemic lockdown permanently shifted large cities into a low-commuting routine because downtown productivity relies on collective coordination, whereas smaller cities returned entirely to their pre-pandemic baseline. Key Points Working downtown is a coordination problem: Being in the office is most valuable when colleagues, clients, and peers from other firms are also present. Big cities have multiple stable states ("equilibria"): In large metro areas,

Editorial Staff
Aug 53 min read
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