Winners and Losers of the Work-From-Home Revolution
High-income workers at highly profitable companies will benefit greatly. Downtown landlords won’t.
By Derek Thompson
This year, two international teams of economists published papers that offer very different impressions of the future of remote work.
The first team looked at an unnamed Asian tech company that went remote during the pandemic. Just about everything that could go wrong did go wrong. Working hours went up while productivity plummeted. Uninterrupted work time cratered and mentorship evaporated. Naturally, workers with children at home were the worst off.
The second team surveyed more than 30,000 Americans over the past few months and found that workers were overwhelmingly satisfied with their work-from-home experience. Most people said it exceeded their expectations. “Employees will enjoy large benefits from greater remote work” after the pandemic, the paper’s authors predicted. They said that productivity would surge in the post-pandemic economy, “due to re-optimized working arrangements” at some of the economy’s most successful white-collar companies.
Put it together, and it’s a bit of a muddle. Remote work might crush productivity, but it will also lead to a productivity boom…
