Remote Work Empties Cities

Peter Thiel shares a perspective on cities, remote work, and their interconnected relationship. He sees cities as enduring entities but believes remote work poses a significant threat to their vitality.

• Cities vs Companies:

  • Cities are immortal while companies are mortal
  • No mediocre or significant American city has completely disappeared
  • Cities represent a form of being a "shareholder of a country"

• Remote Work's Impact:

  • Remote work is "the worst thing that can happen to cities"
  • Places like California and San Francisco are particularly vulnerable
  • People can now "vote with their feet" by choosing where to live without job location constraints

• Interesting Contradiction:

  • Despite his views on California's challenges, Thiel chooses to live in LA
  • Shows preference for quality of life over tax optimization
  • Contrasts with others who move to places like Puerto Rico for tax benefits

• Perspective on City Living:

  • Values living in preferred location despite higher costs
  • Prioritizes optimal living conditions over tax advantages
  • Demonstrates willingness to pay premium for desired lifestyle

This point of view suggests that while cities are fundamentally resilient, the rise of remote work presents a new challenge to their traditional role as centers of economic activity and human capital.