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Remote Work Doesn't Seem To Affect Productivity, Fed Study Finds
An anonymous reader quotes a report released Tuesday (Jan. 16th) by the Federal Reserve Bank of San Francisco: The U.S. labor market experienced a massive increase in remote and hybrid work during the COVID-19 pandemic. At its peak, more than 60% of paid workdays were done remotely -- compared with ...
An anonymous reader quotes a report released Tuesday (Jan. 16th) by the Federal Reserve Bank of San Francisco: The U.S. labor market experienced a massive increase in remote and hybrid work during the COVID-19 pandemic. Fernald and Li (2022) find from aggregate data that this pattern was largely explained by a predictable cyclical effect from the economy's downturn and recovery. Despite these noteworthy effects, in this Letter we find little evidence in industry data that the shift to remote and hybrid work has either substantially held back or boosted the rate of productivity growth.
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