[ad_1]
Eric Adams (Example by Priyanka Modi for The Real Deal with Getty)
Mayor Eric Adams has joined the bigwigs in business in recognizing that telecommuting isn’t going anywhere — and the city may have consequences down the road.
In comments made during a technology event on Monday, the New York Post reported, the mayor said the city needs to define the question of “what does the work week look like” and the new question of “building local ecosystems in our communities.” York’s work arrangements shape the city.
“We may no longer have central business districts,” Adams admitted. “I don’t know this, but we can’t fail in this.”
The mayor completely denied the decline in in-person employment. He expressed concern about the challenges that come with remote work, including the disparity between high-income and low-income people who can work from home.
A spokesperson for Adams seemed to have a different take on the mayor’s comments.
“The mayor seemed clear that the economy right now depends on more New Yorkers returning to work in person,” said Fabien Levy. For the economic recovery of the city to be renewed with office work.
This echoes Adams’ previous comments, in which he famously advised New Yorkers to avoid clubbing on the weekends. At a Goldman Sachs town hall in March, the mayor called for bankers to return to the city.
But business leaders are beginning to accept that remote work is here to stay. IBM CEO Arvind Krishna recently said that only 60 percent of the company’s workers return to the office. JPMorgan Chase CEO Jamie Dimon, once a staunch advocate of in-person work, has also changed his company’s policies this year, recognizing the staying power of remote work.
The sinking presence has a predictable effect on retail in business districts. In the year In early October, data showed that businesses in residential neighborhoods were recovering faster than small businesses in central business districts in dozens of metro areas. At the time, East Harlem and Brooklyn’s Sunset Park were above total sales for 2019, while Hudson Square and the Financial District languished.
– Holden Walter-Warner
[ad_2]
Source link
