A Look at the Impact of the Work-From-Home Revolution

Abstract: In this article, I survey the state of remote work in the American economy and investigate the implications for workers, businesses and local economies. Comprehensive real-time survey data agree: Work from home is here to stay. The ability to offer remote or hybrid arrangements has become an important tool for employers to attract and retain talent, as workers value the flexibility that working from home affords them. Meanwhile, what has been a positive development to many workers poses significant challenges for urban cores that no longer benefit from the daily influx of commuters and their spending.

Keywords: remote work; COVID; urban areas;

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Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Richmond Fed Economic Brief

Publication Date: 2023-08

Volume: 23

Issue: 28