Business
Almost 30% of Work in the U.S. Are Done Remotely in January
In January, about 30 percent of work was still done remotely, which is six times more than it was in 2019 (before the coronavirus outbreak).
A data-collection effort called WFH Research discovered that the share of all work done at home increased from 4.7 percent in January 2019 to 61.5 percent in May 2020. Since then, the rate of remote work has remained at 27.2 percent, which is less than half of its peak.
According to the study, when asked where they worked and whether they put in a full day’s worth of work (six or more hours per day) during the previous week, 59.1 percent of full-time employees said they were entirely on-site, while 28.2 percent said they were hybrid, and 12.7 percent said they had a fully work-from-home arrangement.
“It’s affected so many things,” said Nicholas Bloom, a Stanford University economist and WFH researcher, as per the Hill. “It’s affected city structure. It’s affecting days of the week that people play sport: golf, tennis. It’s affecting retail. It’s completely skewed, mostly in a positive way, the American economy.”
Many U.S. communities are also witnessing a major fall in work-from-home days expenditure — somewhere between $2,000 and $5,000 per employee in the city — as a result of a large percentage of employees continuing working remotely.
WFH Research also found that Washington, DC, saw the most significant reduction in person days on business premises while New York City saw the most significant decrease in spending ($ per person per year) when comparing the average weekly expenditure near work in 2019 with the average amount of post-COVID work-from-home days in the June to November period of 2022 from each of the 12 top metropolitan statistical areas.
The top five cities with the largest percentage decrease in person days on business premises were New York, New York, Los Angeles, California, Phoenix, Arizona, and Washington, DC, with a reduction in person days on business premises of 37 percent, 34 percent, 34.17 percent, and 32.9 percent, respectively.
The top five cities with the largest decreases in annual spending per person in terms of dollars were New York City ($4,661), Los Angeles ($4,200), Washington, DC ($4,051), Atlanta, GA ($3,938), and Miami, FL ($3,323).
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