The shift to work from home is the largest shock to labor markets in decades. Pre-pandemic WFH was trending towards 5% of days by 2022. Now WFH is now stabilizing at 30%, a 6-fold jump.
What’s interesting is that the trend is stabilizing, and doesn’t seem connected to the pandemic any longer. It’s here to stay.
In America alone this is saving about 200 million hours and 6 billion miles of commuting a week.
Did you recently start working Remote, Hybrid, or changed your situation in the last 2 years?