Richmond Federal Reserve President and CEO Tom Barkin
Masters in Business
00:00
Navigating Economic Landscapes: Local Insights and Real Estate Shifts
This chapter examines the crucial role of firsthand experiences in understanding economic conditions, particularly contrasting small-town labor markets with those in big cities. It explores the impact of remote work on real estate, housing demand, and the persistent challenges in skilled trades, emphasizing the need for improved compensation and training. Furthermore, the discussion highlights regulatory barriers to housing development and the implications of these dynamics for current and future economic trends.
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