All posts tagged: foot traffic

How Restaurants Defied the Doomers

How Restaurants Defied the Doomers

This is Work in Progress, a newsletter about work, technology, and how to solve some of America’s biggest problems. Sign up here. In 2020, the restaurant business as we knew it looked like a goner. Even its own lobbying group said so. As the pandemic crushed bars and sit-downs, the National Restaurant Association put out a dire prediction: The business would likely never return to its pre-pandemic state. Over the next four years, just about everything that could go wrong for an industry went terribly, unthinkably wrong for restaurants. The pandemic destroyed indoor service across the country. More than 2 million jobs were lost in 2020. As COVID restrictions waned, chaos swarmed every reopening. In the Great Reshuffling of 2021 and 2022, the “quits rate” among restaurant and hotel workers—the share of employees who left their job, in any given month—rose above 6 percent, close to the highest rate of any industry this century. This resurgence of worker power was wonderful for low-income employees, who saw their earnings grow faster than those of the rich, …

The Real Cost of Driving Into Manhattan

The Real Cost of Driving Into Manhattan

Next year, congestion pricing is coming to New York City. And maybe, just maybe, the toll for motor vehicles entering the lower half of Manhattan should be set at $100. That number comes from Charles Komanoff, an environmental activist, a transit analyst, and a local political fixture. It represents neither the amount that would maximize revenue nor the amount that would minimize traffic. Rather, it is an estimate of how much it really costs for a single vehicle to take a trip into the congestion zone—in economists’ terminology, the unpriced externality associated with driving into one of the most financially productive and eternally gridlocked places on Earth. To be clear, Komanoff does not actually think that the state should charge each car, pickup, and box truck $100. He doesn’t think the toll should be anywhere near that amount. “At heart, I’m very much a radical,” he told me as we sat outside a stylish coffee shop in SoHo, to which Komanoff had brought his own coffee in a thermos. He has been detained numerous times …