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The evidence is that work from home is more economical for firms. I see a study from Stanford (by Nicholas Bloom) that gets trotted to show lowered productivit
by intended 2y ago
The evidence is that work from home is more economical for firms.
I see a study from Stanford (by Nicholas Bloom) that gets trotted to show lowered productivity due to WFH.
However, on the narrower issue of Hybrid, Bloom’s work doesn’t find any productivity loss, https://news.stanford.edu/stories/2024/06/hybrid-work-is-a-win-win-win-for-companies-workers https://news.stanford.edu/stories/2024/06/hybrid-work-is-a-w...
Other studies show productivity losses from remote work, ranging from 4% to 18%.
Yet another study shows that commute time saved finds it way back to employers, resulting in increased productivity, or stable productivity.
However, firms which can manage WFH, based on current data, should have an economic advantage.
I could be wrong, and I will change my views if so.
Edit: Sources
NY FED: finds a 4% reduction. Adverse selection accounted for 2/3rd of the observed effect.
https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1061.pdf?sc_lang=en https://www.newyorkfed.org/medialibrary/media/research/staff...
Time savings:
https://bfi.uchicago.edu/insight/research-summary/time-savings-when-working-from-home/ https://bfi.uchicago.edu/insight/research-summary/time-savin...
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2c -
I sincerely doubt most people who are in the workforce have ever handled a 40 person raid.
People are going to be better at remote work, the more you work in such an environment. So I suspect efficiency gains are lower than what they will be.
- technofiend 2y ago>I sincerely doubt most people who are in the workforce have ever handled a 40 person raid. Managing 25+ people across multiple time zones ends up overlapping quite a bit with raids! Particularly the need to stay calm when things inevitably wobble a bit, dispute resolution, clear, concise and often repeated communication as well as a mental model of what everyone else understands about the situation and being able to quickly deduce what they don't understand and correct it. I'm not refuting what you said; I'm agreeing with your implication they'd benefit from the experience.