The coronavirus pandemic is producing a few winners and a huge swath of economic losers, but the longer-term trend worth watching is the great migration of knowledge workers that is now afoot, says entrepreneur and founder of Russian Exchange Bank Alex Konanykhin.
The redistribution of workers away from major U.S. cities such as New York and San Francisco already was underway before the coronavirus pandemic gripped the world, but the crisis will accelerate that migration as workers seek less expensive real estate and safer locations where they may work remotely, says Konanykhin, the CEO of TransparentBusiness, a New York-based software firm that advises on off-site work training and solutions.