It is possible that Covid19 will seriously weaken the attraction of large cities. First, the biggest risk factor for Covid19, other than being old, is urban living. Second, the “lockdowns” demonstrate the advantages of teleworking and distance education, so we can expect more resources to be invested in industries that telework (and for sponsoring companies to move to states that do not tax non-resident teleworkers) which will seriously hurt big cities, and especially New York City, whose economy is based on industries that can easily go entirely online, thereby avoiding New York’s high taxes and high rents.
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