One surprising reason to be optimistic about the U.S. economy

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The pandemic has caused a major rethink of the 'bigger is better' concept of living in large cities. Many Americans, especially millennials, have moved south to lower-cost places such as Phoenix, San Antonio, Jacksonville, and Charlotte. Remote workers are still connected to big cities through video technology, and the moves have helped alleviate the urban housing crunch and freed up money for other purposes. Rising-star cities like Phoenix and Austin are experiencing an entrepreneurship boom and attracting government and private investment. Americans are generally happier with their jobs and are opening businesses at rates not seen in decades. The U.S. economy's adaptability and the extension of megacity benefits around the country could lead to an era of rising productivity and better lifestyles in many more locales.

#U.s.Economy #Pandemic #UrbanMigration #RemoteWork #Housing #Entrepreneurship #Productivity

https://www.washingtonpost.com/opinions/2024/02/13/economy-optimism-pandemic-moving-cities/