Hybrid work: what’s in store for the economy, productivity and promotions?
This is the future of mixed work, according to the expert who did his homework before Covid-19 was even heard of
Americans are shedding their masks, buying concert tickets and booking holidays like it’s 2019. But there’s one thing that’s doesn’t appear to be going anywhere as the pandemic fades: remote work.
Companies from Vanguard Group to Ford are permanently adopting “hybrid” work schedules where employees spend some of the week at home and the rest at an office. Forecasting the implications of these long-term work shifts on the US economy is no small task.
Enter Nicholas Bloom, a Stanford University economist who started researching the economic impact of remote work years ago and has become a de-facto “working-from-home” expert during the pandemic, with his findings featured in dozens of publications. Bloom, who is also co-director of the Productivity, Innovation and Entrepreneurship programme at the National Bureau of Economic Research, has spent the last year surveying tens of thousands of US firms and employees about their post-pandemic work arrangements...