Those with good-paying jobs who’ve discovered the benefits of working from home are the ones who are most-likely fueling the ferocious demand – especially in what’s now the $1,000,000-$2,000,000 starter-home range between La Jolla and Carlsbad (can’t believe that I just said that).
Evaluating the economic impact of “social distancing” measures taken to arrest the spread of COVID-19 raises a fundamental question about the modern economy: how many jobs can be performed at home? We classify the feasibility of working at home for all occupations and merge this classification with occupational employment counts.
We find that 37 percent of jobs in the United States can be performed entirely at home, with significant variation across cities and industries. These jobs typically pay more than jobs that cannot be done at home and account for 46 percent of all US wages. Applying our occupational classification to 85 other countries reveals that lower-income economies have a lower share of jobs that can be done at home.
Guess what? Now that you can do your work from home, your employers can now higher someone from around the globe to do your job. Thus, an increase in the number of people who can do your job. Why would your employer pay you $150k when they can get Joe or JoAnna Blow from Nowhere for $100k? Are you really smarter and better than Joe or JoAnna Blow?
Yes.
Any other questions?
Not talking about you Jim or realtors for that matter. We know you are smarter and better.
Referring to attorneys who do not go to court. Biotech workers. Engineers. Just use an appropriate zoom background and a portrait photo. No one will know where you are from.
Would not want to be an owner of office space these days.
Would not want to be an owner of office space these days.
I’m with you on that. Big or small, any office building is a candidate for re-purposing into residential units, or rebuilds. Could solve a bunch of problems!
I’ve been doing that since 2003. Used to be embarrassing when my dogs would start barking during a sales demo and I’d always drop the ‘oh…I came home for lunch for a bit’ or whatever. Now? Bark away. People don’t even question it anymore and don’t judge our company because of that. It also helps now that their dogs are also barking away and kids screaming too in the background. And oh some of the things we have seen when they don’t realize their cameras are on. Eeek! Black electrical tape over mine just to be safe. Ha.
Clearly Jeffrey Toobin of CNN did not use your sage electrical tape advice. As Homer Simpson says “Dope!”