Design

The Financial Times just covered our research highlighting three key points.

1) WFH is associated with higher productivity: $20,000 a year for each extra remote day a week (Figure 5). This is high quality data - CEO/CFO responses on WFH matched up with audited company accounts for sales, employment, capital and materials. Sample of 1,116 firms, robust to industry controls.

2) WFH is associated with lower wage growth: 0.5% lower wage inflation for each remote day (Figure 6). This aligns with Linked-In data showing the supply of remote workers now exceeds demand, so remote wages are gradually drifting downwards.

3) WFH is here to stay: leaders predict flat levels in 2028 vs 2023 (Figure 1). This makes business sense - points (1) and (2) show how WFH is becoming increasingly profitable for firms with higher productivity and lower costs.

Thus, WFH is a win-win-win, benefiting employees, firms and society.

FT piece: https://on.ft.com/3SMzpH4 Research piece: https://Inkd.in/gEACbE7p