The shift to WFH is the largest shock to labor markets in decades. Pre-pandemic WFH was trending towards 5% of days by 2022. Now WFH is now stabilizing at 30%, a 6-fold jump.
In America alone this is saving about 200 million hours and 6 billion miles of commuting a week.
In America alone this is saving about 200 million hours and 6 billion miles of commuting a week.
@ShelbyBuckman @Jose_MariaRD Some questions on how to see this is stabilizing - this comes from higher frequency data. For example:
A) The monthly plot (below)
B) Kastle weekly office occupancy data kastle.com/wp-content/upl…
A) The monthly plot (below)
B) Kastle weekly office occupancy data kastle.com/wp-content/upl…
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