Cities Are Taking A Financial Hit As More People Work From Home

The video discusses the impact of remote work on urban economies, highlighting concerns from city leaders about reduced spending by office workers. It examines the economic effects in major cities like New York, Philadelphia, San Francisco, and Seattle, noting significant changes in public transit usage and local business revenue. The video also addresses the challenges faced by low-wage workers and businesses due to the shift to remote work, and mentions federal support for public transit systems.

What is one major concern for city leaders regarding the shift to remote work?

• More crowded public spaces

• Increased traffic congestion

• Higher office rent prices

• Reduced spending in local businesses

Which city is predicted to have the largest drop in near-office spending?

• Atlanta

• New York City

• San Francisco

• Los Angeles

What do New York City leaders believe is necessary for the economic ecosystem to function?

• More public transportation

• Human interaction

• Increased remote work

• Higher taxes

What percentage of Seattle's downtown commuters were using public transit by the end of last year?

• 60%

• 50%

• 30%

• 18%

How much grant money did the US Department of Transportation award to support transit jobs?

• $1 billion

• $2.2 billion

• $3.5 billion

• $4 billion