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Your cited source also shows 10.9% more hours worked and only 0.8% more hourly compensation (and -1.6% real compensation) comparing Q4 2019 to Q4 2020. Does the
by fractionalhare 6y ago
Your cited source also shows 10.9% more hours worked and only 0.8% more hourly compensation (and -1.6% real compensation) comparing Q4 2019 to Q4 2020. Does the data show whether people are more productive because they are happier living more flexible lives at home, or because they simply have worse work life balance? Does it show whether these changes are roughly homogenous, or if there are pockets swinging up (down) the mean hours worked (compensation)? What's the variance?
You can levy a dozen counterfactuals at the use of BLS data like this to support permanent WFH. The analysis needs to be way more holistic and BLS figures aren't nuanced enough.