Nick Bloom's research solidifies that the option to work remotely is seen as highly desirable by employees, equating it to an 8% salary increase.
Employees' preferences for remote work indicate significant shifts in work-life balance. As Bloom noted, in tech and finance, it's even valued at over 11%.
In 2023, survey respondents live an average of 27 miles from their workplaces, a notable increase from 15 miles in 2019, highlighting changing commuting patterns.
Bloom advocates for remote work's permanence, emphasizing that employees with children show strong preferences for working from home, reflecting evolving family dynamics.
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