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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The stock market is rallying. No one else sees this as economic doomsday. And, these cuts affect DC based feds a lot more. Feds outside of DC might lose their job, but their community will remain robust. Real estate won't crater, and the job market will won't be oversaturated the way it will be in DC. DC feds are hosed. RIP the job market, real estate market, tax base, etc. [/quote] Maybe. However, RTO could boost the DC economy. When COVID hit and everyone started WFH, local restaurants, dry cleaners, coffee shops, hair salons, professional clothing stores, etc had to lay off a lot of workers or close entirely. RTO for federal workers, even a reduced number, could have a ripple effect by boosting these businesses. Similarly, companies contracting with the government may move their offices to DC in order to be closer to their customers, and the number of trade shows may increase as well. [/quote] Won’t happen until they are confident their jobs are secure again. Everyone affected is cutting spending right now.[/quote] I don’t know a single federal worker returning to the office who is going out for lunch right now. Not on a regular basis anyway. We are all saving money because honestly, we aren’t the highest paid people to begin with, which makes all of this more ridiculous. [/quote]
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