American entrepreneur and venture capitalist Peter Thiel discusses the advantages of telecommuting in cities. Transportation and housing costs in large cities are growing and unsustainable. Thiel sees telecommuting as one viable solution to rising costs, traffic jams, commuter delays, and environmental pollution from vehicles.
Thiel believes that telecommuting has suffered from the largely incorrect assuption that telecommuters don’t work as hard. He suggests that new modes of telecommuting are developing than can be more efficient in the near future.