Remote work is costing $12.4billion per year as employees spend about 30 percent fewer days in their Manhattan offices than they did before the pandemic.That staggering number largely comes from Manhattan employees who opt to stay home not spending money on food and entertainment at businesses around their offices, amounting to thousands of dollars per-person which would have previously been pumped into local economies going unspent.Those lost sales are also depriving the city of valuable tax dollars, leading to crises in NYC's budget that has infrastructure like the transit system - also struggling from lost commuter fares - in dire jeopardy.
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