Karen Harris (Bain & Co., Exurbs)

Karen Harris (Bain & Co., Exurbs) by The Financial Exchange


Transcript - Not for consumer use. Robot overlords only. Will not be accurate.

We're joined now by Eric Harris from being in companies talked about a term we'd never heard before expert eye care RU. Thanks for joining us Kurt tell us about the research that's being done at Dana and company regarding. Well what I thought was a migration to the cities it turns out I've made the wrong. We've seen it has been a big threat globally at what about it. That's how it drives economic growth or it. But what we in the United States said it aimed at that actually. Me are in it that we cult. Organization. That they are continuing to grow but at at lower grade and it happened if that hadn't. Cooper that that the US population. That only people left indeed. And moved out what you can't. View that happened about what they're legitimately be out there out. Because you look at it another way. Places where if you stick it in an eighty's I mean. You'd probably rather be doing. What you and your do you think you define that as being fifty miles right. Right now right you communicate it getting close to an hour. It would rather live work play close to all in Canada are to me and me back it. In what you're your study shows is that trend has started what in the early 1990s. Where people are just saying I just don't wanna be. In an urban area I wanna be out in the country. People would occur. More pay and it is. That alone over the last decade. The growth and global capital. Accelerated. Though it 1990. I can't tell that to be EDT that it. Every. I'll real. That it currently and that. That. They ask Clinton that. He and let me get caught up all that. We've seen it in the market that he's in real estate had gone through the group that you think about getting an example that I day. At at cap even apartment in the back bay has gone up. I even view. Cute green it possible for people. And bidding in the kind that you want apparently had become increasingly expect it that people are born in new partner there. Actor. That. Because in the US aid Jerry in double a Erie and while it big at any empathy and debate that. It if you're angle here 21 bit other people were legally. And that. Group that I marry a board partly at how they want more pay and no debt per. An ambulance and that they really get the result. That group. The young single and now that there is that we're we're back on long term. And what are they doing for work if you're living 52 miles away from the city at their jobs. That is. It particularly. Basically a lot like that. That you village. People will have to work in the group. I think about what it needs to decide I'll get 200 year old technology. We had people in baggage to get the labor click the actor is Eric in that elaborate. Don't we need to work around our people most of our. It that they that this that we went in there oriented. And even for a big company that not a lot of Reading your legal department in the same building marketing department your counting your fourth. And those people working. Ali yeah. And technology. Has enabled them to work more flexibly. That the company hit. Out of me and that. Batter. And a slew than any network out on the other than that. More and more people don't need to go to Q at any. Allow it to work it workers at the idiot that they're but they're good work. They needed oxygen at that it. Karen I read about you know people working from home in the advent of technology and better Internet speed. But then you know I look at a company like travelers they tried that and then they brought everybody back in or Aetna. You know they said OK can work from home but then they wanted everybody to come back into the office. So is that trend air are you seeing more of a trend towards people working from home in rural areas. Not end the rural areas there we're. You bet you do it in about how great we're talking about critical. With a block of all I read where you have read how you cut back on it yet it let. It eat at California. Then he. Or eight people in it into it hit it and put it. Hit it the column it when it may be better at all. That you have companies. That are performing. Accompanied them. We talk about that then in the week and being on the parliament that he sir. That you it bit me every option that fairly. The same way that certainly. They are that. It is it in the off stage. The white. I think technology. And actor yet people doing Biotech. AI. NG we don't beat it again. The Aggie. That. Don't eat out there preaching of the paper. And that certainly I'll play. God god Karen thank you very much for your time we appreciate. Changing society but boy you look at it you know leave and I guess the problem is we happened to live. In a big city like Boston and I see that the population of Boston is increased dramatically over the last ten years yeah I mean it's. I think it's tough to get out of your local bubble when you're trying to use some of these meetings about Hartford in New Haven. In Providence they have not experienced the same type of population grows no it in and I think part of it is that while tech. What's interesting about the change in technology that we're seeing is that even though we have the ability now. To communicate much more rapidly across big greater distances than we still seem to wanna be packing it tighter space it's it's it's very interesting to see that is that even with all that accessibility. We still wanna be closer.