Remote work really does make us more productive
The remote work boom will lift productivity in the United States economy by 5 percent, mostly because of savings in commuting time, a new study finds. In contrast, Chief Executive Officer Mark Zuckerberg says the ability to hire engineers far from Facebook Inc.’s main offices has opened up new pools of talent, and many employees will continue working remotely after the pandemic – at salaries more in line with their new locations. Remote work once might have been a career killer: A U.K. government study of the years before the pandemic found that people who worked from home were far less likely to be promoted. “Only one-fifth of this productivity gain will show up in conventional productivity measures, because they do not capture the time savings from less commuting.” Other main findings include: Higher-income employees especially will enjoy large benefits from greater remote work The shift to work from home will directly reduce spending in major city centers by at least 5%-10% relative to pre-pandemic “The shift to WFH will also have highly uneven geographic effects, diminishing the fortunes of cities like San Francisco with high rates of inward commuting,” the study found.
As companies look to bring remote workers back to the office, a writer asks: Why?
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