360 karma · joined February 22, 2021
Anecdotes aren't useful here. I suspect once the data starts coming out, we'll see some serious educational deficits in most kids.
You can buy a brand new 4 Bedroom house in a nice part of Tokyo for ~$300,000, but don't expect to make money on the deal.
Of course, that doesn't mean we can't lower the COL of the Bay Area! Make Silicon Valley as dense as Tokyo, and I assure you rents will fall.
Should we worry about these things? Absolutely! But the incessant hysteria is counter productive. Us ceasing having children in a form of civilizational suicide is not a solution.
The world has huge issues, sure, but it's still far better to be alive now than any time in human history. The only way the future could be worse is if this idea becomes mainstream and the prophecy self-fulfilling.
It's generally closer to: "Every time it's been tried it's been either bad or disastrous, clearly we have no reason to learn from it or try again"
Which I think is fair! Hell, even the original strawman is a fair argument IMO. Fascism didn't work once, and I don't think there's much there to learn from (and we certainly shouldn't try it again).
It's too early too say if the historic value of cities will be replaced by the internet, IMO. YC makes each batch move to SV for a reason.
The asteroid belt has the resources for millions of O'Neil cylinders and Stanford Toruses -- we'll be fine.
For the company: - Lower productivity (burnout, people not adequately connected, people not on same page, more difficult to manager remote workers, more distractions) - Less innovation - Less / No company culture - Less employee satisfaction; harder to recruit at all WFT firms - Difficulty onboarding new employees
For employees: - Competing with talent globally, lower wages - Fewer perks - Less community, more atomization
If everything is remote work, you hire the same worker, and pay them Jakarta rates (you can sub Jakarta for any very-low COL city).
California's large GDP could then be in spite of its management, not a product of it.
Furthermore, can the world really handle the restrictions in place indefinitely? We've been locked down for a year, and it's certainly starting to feel like the wheels are coming off for many. The economic devastation alone has been staggering.
Epidemiologically speaking, sure, doing this forever would save the most amount of people from COVID. But we can't just look at this from that point of view.