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Reply to "Impact of continued loss of federal jobs for the region"
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[quote=Anonymous]It's well known many higher paying jobs at the USDA are moving to Kansas. The interior dept is now going to relocate hundreds of bureau of land management employees to Colorado. It makes sense that the government should divest away from DC because cost of living has gotten out of control for its employees, and the govt can save tons of money by paying people lower salaries to live in lower cost of living areas in the country and by not having to pay ~30% locality pay increases just because someone works in DC. The question is, what's will the impact be for the housing in the region? It's well known that economic growth in areas like MoCo have been anemic and have failed to diversify away from govt jobs and govt contractor jobs. Even NoVa would be heavily affected by a big shift in govt relocation. Yesterday Trump is also is demanding big cuts to government spending and wants to consolidate the GSA/OPM. Skeptics will claim that ~80% of govt jobs are already outside of DC, however, DC only accounts for less than 2% of the country's population and has a disproportionate quantity of Fed agencies/jobs still. There is still plenty of motivation to keep divesting away from the DC region. [/quote]
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