>>>>>>https://www.cnbc.com/2020/08/25/jpmorgan-will-have-staff-cycle-between-office-and-remote-work-in-a-move-that-may-remake-wall-street.html
>>>>>
>>>>>A large number of London firms are talking about not returning to the 5 day office environment .
>>>>>
>>>>>https://www.bbc.co.uk/news/business-53901310
>>>>>
>>>>>its going to have a big impact on all the service businesses that deal with them, a reduction in the need for commuter transport and income from that and a big reduction in the need for office space.
>>>>>
>>>>>I hope this change carries on rather than the "return to normal" that some commentators want.
>>>>
>>>>Too bad about the millions of people and thousands of business' that will go broke.
>>>
>>>No not too bad I accept its a problem but if huge number of service workers arent needed because the market has changed or gone do we just recreate those conditions to keep them going or accept a new reality and help them adjust. I can see more flexible working returning possibly not in the office 5 days a week. that will also reduce the need for a lot of those services.
>>>Meanwhile I'll just check on how those guys making cannonballs for the navy are getting on.
>>
>>All from the comfort of your work-at-home office.
>
>Have you travelled on london underground at say 8:30 am . maybe changing onto the Northern Line when one of the others is screwed up (faulty train, leaves on the line etc). Sort of day when you can't get your hand in your pocket becuase its so crowded. Whats the solution for that ?

>The current system is whacky. I commuted from Long Island to NYC for 25 years.
Before covid if you flew over Long Island on a workday you'd see tens of millions of cars in commuter parking lots sitting idle all day.
Add that to the tens of millions of people hours spent everyday on commuter trains and It's hard to conceive of a less efficient use of resources.

>Since moving to New Jersey i've been servicing NYC clients effortlessly. I treated myself to an upgrade in technology a few years ago and it's a breeze.
>I've been meaning to take a trip over one of these days. I've been talking to people I've never met in person regularly for 15 years and it would be nice to meet them in person.
On the other hand, when I want to take a break, I don't get a cup of coffee - I practice wedge shots on my lawn.

>If covid hadn't come along, the current system would have been crushed with its own weight.

>Chase made a good call.

Bill, I wonder if you realize that 107.8 million ( a google number) people in the U.S. work in the private service sector. That's a little under a 1/3 of the U.S. population. If what you suggests happens - the U.S. will soon be in the biggest depression we have ever experienced. We are already in some trouble due to the covid-19 causing many business to close. And most importantly it will effect you and I very quickly. I have been working from my home office for the last 25 years and it works for me. But if suddenly 70-80% (maybe less) of service workers are out of work that will change the economy dramatically. If you believe that it will not effect you and I - then think again.

If work force change happens to quickly (it is changing) there will be hell to pay. Take for example the truckers. Tesla will soon have autonomous semis that might put over 2,000,000 truckers out of work. And each of those truckers were making around $50,000 to $60,000 a year. Yes we get a our deliveries faster and maybe even safer. But suddenly the economy lost 100B. When it suggested the electric typewriter was replace with computers - we did not lose a the typist. They still had a job.

The change has to be slow and easy. Yes we will find ways to keep people working just not over night. Maybe lowering the number of hours worked weekly - share a job.