Keeping NYC On Top

As Matt Clancey points out that “the benefits of knowledge spillovers from being physically close to other knowledge workers have been falling and may no longer exist in many domains of knowledge.” This is a controversial claim, but Clancey provides a detailed review of multiple studies that address this matter from different directions.

As a general rule of human civilization, we’ve lived where we work. More than 90 percent of Americans drive to work, and their average commute is about 27 minutes. This tether between home and office is the basis of urban economics. But remote work weakens it; in many cases, it severs the link entirely, replacing spatial proximity with cloud-based ... See more