Urbanism is about choices, not inevitability, and the context of those choices has changed radically. Re-engineering cities to make them vibrant, productive and safe, in the face of a dominant atmosphere of fear, will not be easy.
Quietly, tens of thousands of office workers, salespeople and their managers have been let go. A restaurant or construction supply company can't do much business with all the restaurants and sites shut down. We look at unemployment claims by occupation.
The inevitable Boeing reductions will hurt the regional economy, but not nearly as much as past Boeing job cuts. Boeing is still the region’s biggest employer, but accounts for a gradually diminishing share of all jobs.
Even with this new, detailed data on unemployment claims, we really do not know how many people are unemployed in the traditional sense. Epidemiologists are not the only ones laboring under a lack of good data.
It seems we are hard wired to focus on the negative. Pessimists avoid humiliation and, at the same time, enjoy the possibility of the ultimate reward: being the lone voice for sanity amidst the irrational exuberance of the masses. Stay pessimistic long enough and you may have your “Big Short” moment.