about the year 1900, the Autumn food-harvest would employ hundreds of men from every village. Today its done by one Tractor, one combine-harvester and maybe a computer. Europe has many villages that died or got abandoned.
Imagine a whole city centre full of offices. Bureaucrats pushing paper around filing cabinets. Now imagine replacing every 100 staff with only 3 or 4 technocrats using AI. Terrifying isn't it ? Especially when the geography of the job has been lost. Replace city centres with Data centres located on the Orkney Islands or County Donegal - Data centres like a cool climate. Slough has benefitted massively.
Britain's Coal/steel/linen towns all died. Got replaced by dole towns. Places with nothing but problems. Now rinse & repeat for information towns.
Detroit stopped making cars and died. Will the City of London similarly die ? I believe its death started in earnest just before the Covid. London house prices will never get back to their insane levels. Why pay big money ? when your cottage on the Orkneys was cheap ? Fly into Gatwick, for an office-meeting, once a month. Stay at a Travel-lodge with Alan Partridge. Work from home in your Orkney pyjamas.