Famed Silicon Valley investor Marc Andreessen says the rise of remote work will create an 'earthquake' in how and where people live
Marc Andreessensaid remote workcould cause an "earthquake" in how we live.
- He said it'll mark a civilizational shift as people no longer have to choose their home based on where their office is.
Marc Andreessen, a partner at prolific Silicon Valley venture capital fund
"For thousands of years, if you were a sharp, ambitious young person — and this is true of the Medici, and it's true with the Greeks — you had to go to the city to basically get opportunity," Andreessen said on the show.
But with many companies maintaining remote and hybrid work policies since early 2020, now-untethered employees are free to leave big cities for more affordable, previously less populated places, like Kansas City, Missouri, which was recently named the No. 1 place in the US to live and work remotely.
"It's potentially an earthquake," Andreessen told Cowen. "It's potentially one of those things that in a hundred years, people could look back and say, 'That was a real turning point for how society developed.'"
The investor said he's excited by that idea, adding that "if everybody could still have access to great knowledge-work jobs online, maybe that's a fundamentally better way to live."
Andreessen wrote in a mid-2021 blog post that remote work might end up being more significant than the internet and would mark a "permanent civilizational shift."
"It is perhaps the most important thing that's happened in my lifetime, a consequence of the internet that's maybe even more important than the internet," he said.
Major US cities like San Francisco and New York have seen a steady stream of outgoing workers fleeing high housing costs for less expensive locations, including Austin, Texas.
According to a March study from flexible jobs platform Upwork, about five million Americans have moved because of remote work policies since 2020.
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