Favorites December 29th 2022

Antalya, Turkey, 2019

Nick Bloom @I_Am_NickBloom

Another indicator that #WFH is permanent: public transit journeys stabilizing at 35% below 2019 levels. This raises concerns over the survival of public transit systems. Costs are heavily fixed - think train and subway networks - but revenue is way down with 35% less journeys.

I really don't know what to predict for the future of public transit in the US. The graph for New York is even more dire.

Noah Smith 🐇🇺🇦 @Noahpinion

Honestly I think the tech industry is fine, Google and Apple and Amazon and Microsoft still all do their thing, everyone still hangs out on social media, engineering managers still get paid the big bucks.

The Atlantic @TheAtlantic

The tech giants that have shaped our lives over the course of the 21st century have at last hit a wall, @bcmerchant writes. https://t.co/822z2TOc18

As one commenter said "More 'reached top speed and stopped accelerating like crazy' than 'hit a wall'."