Innovation and Economic Impact

“But the biggest challenge—and maybe the one unexpected bit—is how much employees have got comfortable with choice of days in the office and like to flip that around each week, for whatever reason, childcare reasons, work, personal reasons, etc. ”

“Canada has, like the U.S., a highly developed economy with a high number of professional jobs that can [be] done remotely, a highly educated workforce and many people living a long commute from work.”

“From the middle of 2019 until the end of 2021, there has been essentially zero net immigration to the U.S. Although in late 2021 and early 2022 these numbers started growing again, the fact that the inflow of immigrants stopped made the country lose more than 1.7 million (immigrants).”

“Longer-run WFH will grow as the technology supporting this continues to improve, with innovations around virtual reality, holograms, video and sound, and cloud.”

“There is an advantage to software that economists haven’t really reckoned with yet. Software isn’t accelerating creative destruction today. Software is suppressing it.”