The Great Office to Server Flippening (Patreon)

General office construction (blue line) rose steadily from 2013, peaking around 2018–2019 at about $5–6 bn/month, then plateaued and is now declining sharply. This was all triggered by Covid and Remote Work leading to the CRE crisis.

Now on the other hand, the AI Revolution is driving insane data centre construction (red line), almost negligible a decade ago, has exploded since 2021–2022, crossing $2 bn/month and still climbing.

This is an unprecedented flip.

This is essentially the "office-to-server" transition in real estate. Needless to say you can figure out the impact on jobs from this....