societal trends

In It Together

We subscribe to the theory that the better off you are, the better off we will be. More broadly, we believe the greater the wellbeing of our community and society, the greater our own wellbeing.  

Our experience suggests we are on the right track. 

And it stands to reason. Every retiree needs healthy, productive workers to pay Social Security taxes on good earnings. Every business endeavor needs customers with money. Every level of government from the village to the nation requires taxes from productive workers and businesses to offer its basic functions.

America has perhaps been the place where the highest fraction of the people could unlock the greatest part of their own potential. We think this explains our prosperity relative to nearly all other countries. 

Here’s a thought experiment. How would things be different if left-handed people were no longer permitted to engage in any occupation which required tools, even a computer? 

If you are left-handed, this would clearly be a bad thing. A household with two different adults—a left-hander and right-hander—would have a tougher time financially than they would otherwise. (Right-handed people would have “less competition” for better jobs, but would they be any better off overall?) 

When you think about it, a system that discouraged or limited a tenth of the population would hurt us all. To carry on with our example, consider how our world has been enriched in many ways by unique talents of left-handers: Leonardo, Einstein, Helen Keller, Marie Curie, Jimi Hendrix… even Oprah and Lady Gaga!  

And all those less-famous lefties going about their lives, doing ordinary things to make their own lives more extraordinary, have been responsible for untold wealth and progress. 

Certainly, our nation and our world would be poorer, with lower total income distributed more unevenly.

This is why our surest path to the brightest future includes working to expand opportunity to the whole of our people—letting everyone on the ladder, with a fair shot at the next rung.  

Discrimination in access or pay or opportunity makes us all poorer. Inclusion makes us richer, and yes, even when left-handers have a fair shake. And women. And people of color. And anyone else you can think of. 

America’s historic source of strength and prosperity—being the place where people can unlock their own potential—can be made more true for more of us. And it will be to the benefit of all of us. 


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Change: Lasting or Fleeting?

© Can Stock Photo / martinan

The efforts to slow the spread of Covid-19 are reshaping our lives. Work-from-home (WFH), social distancing, and self-isolation mean big changes, with some unforeseen consequences.

We have been thinking and studying some of the impacts on society, striving to understand the effects on commerce and the economy. There are many unknowns.

Fewer people commuting means less traffic past the coffee shop, less wear on automobiles, emptier workplaces. When the virus has faded, will these effects be lasting, or fleeting?

Will work-from-home gain a permanent boost, reducing the long term demand for office space?

Do those who formerly stopped at the coffee shop everyday resume that habit when they begin commuting again?

After enjoying more free time from less commuting, will more people seek to live closer to their work?

“Dinner and a movie” has given way to carry-out, cooking from scratch, and streaming services. What happens when the crisis fades?

What is the future for movie attendance?

Does cooking replace some fraction of restaurant meals?

What effects will these trends have on commercial real estate?

There have been other effects, too. Online shopping got a big boost from mass retail store closings. Weddings, funerals, and other kinds of gatherings have been cancelled or postponed. Some people report an increased interest in improving their health; others talk about using food or alcohol to deal with stress. Are these changes lasting or fleeting?

After the 1918-1919 great influenza pandemic, the Roaring Twenties followed. Were exuberance and celebration a bounceback from the isolation, sickness and death of the pandemic?

We have many questions. What do you think? If you would like to talk about this or anything else, please email us or call.