Read at Forbes
The Covid-19 pandemic brought a significant increase in working from home, and experts suggest that a hybrid model of remote work and office work will be the future for many workers. Prior to the pandemic, only a small percentage of workers did teleworking, but the pandemic forced many to work remotely.
January 2024 brought not only the fourth anniversary of the Covid-19 pandemic but also of the big leap in working from home it stimulated. And workers, businesses, and the economy are still trying to figure it out.
Certain occupations and industries, such as information, finance, business services, and government, have a higher likelihood of remote work. The pandemic was a major shock to these industries, with offices shutting down and many workers resisting returning due to fears of the virus. Despite initial skepticism, working from home seems to be stabilizing at around 28% of working days, a significant increase from pre-pandemic levels in 2019.
Stanford economist Nick Bloom, one of the top analysts of working from home, recently released a detailed slideshow on where he sees things going. Bloom sees working from home 'stabilizing at about 28% of (working) days' economy-wide, 'a 5-fold jump' over pre-pandemic levels in 2019.