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frazzled

(18,402 posts)
6. I think you're leaving out the impact of technology
Sat Feb 6, 2021, 12:38 PM
Feb 2021

Bricks and mortar retail was already undergoing considerable attrition before the pandemic; COVID merely accelerated it and made more retail businesses realize that their future was online. No more expensive rents and upkeep, and fewer employees to pay.

Now, as a result of the pandemic, coupled with technology, many businesses, including even some colleges and medical practices, are seeing they they too can save money by moving more of their activities online.

Those towering office buildings in my city are virtually empty right now, and I doubt they will be coming back in any considerable way after the pandemic ... there will be many buildings and department stores in our cities that will remain empty and deteriorating, some of them architectural gems that have given life and beauty to our urban environments for a century or more.

I’ve been asking for a long time what our cities will look like as more shops and business leave the real world to go online. Empty streets without people, empty storefronts except for restaurants and eyebrow threading and nail salons.

Capitalism won’t be going away ... it’s stronger than ever. But the physical nature of cities and the social engagement of the people will be much altered ... not because of the pandemic per se, but because of the onward march of technological evolution.

I hope I am wrong, because I think these changes are destructive to the social fabric.

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I can only speak to my field of "expertise" which is real estate Ferrets are Cool Feb 2021 #1
I wish I could really answer your excellent post, but I'm not educated enough to do that. CaliforniaPeggy Feb 2021 #2
Opportunity for a vast reset Kitchari Feb 2021 #3
All good questions! Freddie Feb 2021 #4
Thank you! I have a colleague who also advocates this approach to vacant space. nt PatrickforO Feb 2021 #5
I think you're leaving out the impact of technology frazzled Feb 2021 #6
Thanks for a thoughtful response. It is true, as you say, that PatrickforO Feb 2021 #9
I'm not an expert in this field, but I've done some thinking on it. Oldem Feb 2021 #7
Yeah, I did see the Mercer post. It is troubling. PatrickforO Feb 2021 #10
This is what I think. I also think obscene unlimited wealth and the pursuit of obscene unlimited Squinch Feb 2021 #11
People who seek a second four hundred million Oldem Feb 2021 #18
The author you want is Martin ford PirateRo Feb 2021 #8
Martin Ford indeed. Thanks! n/t PatrickforO Feb 2021 #13
Welkies :) PirateRo Feb 2021 #15
Great questions. After your research, would you let us know what your conclusions are? Squinch Feb 2021 #12
Will do. PatrickforO Feb 2021 #14
Such an interesting discussion, but I don't have any insights about what will happen. I'm excited Squinch Feb 2021 #16
Jobs will look quite different - in some industries RainCaster Feb 2021 #17
"the coming low orbit satellite constellations that are being built for wireless internet access" BComplex Feb 2021 #21
Not on current cell technology RainCaster Feb 2021 #22
Thanks for the info! BComplex Feb 2021 #23
I think climate change is the biggest issue facing humanity. Unlimited growth is not sustainable jalan48 Feb 2021 #19
I did think the reason there was not much concern about the deadly pandemic MagickMuffin Feb 2021 #20
Robots and 3D printers in every closet. Hermit-The-Prog Feb 2021 #24
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