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hi my name is andrey perhomenko and i am a professor of finance and business economics at the marshall school of business at the university of southern california over 80 percent of americans live in cities and more than half of the countrys population live in large urban areas of 1 million inhabitants or more its hard to overestimate the economic importance of cities they are engines of economic growth and cradles of innovation and the success of cities hinges on their ability to bring large numbers of people together as the carved 19 pandemic hit earlier this year the seemingly unstoppable run of cities has all but stopped offices highways and trains emptied out many workers whose jobs depend on personal interactions and on supporting urban life were laid off one important effect of the lockdowns brought by the pandemic was a massive relocation of workers from offices to well home offices if they can afford them of course or perhaps less attractive work environments within their h