Op-ed: More companies will offer remote work at price of staff position. Take the deal

, have already announced that many of their employees will be allowed to work from home at least through the end of the year.

According to Heidi Shierholz, the former chief economist at the U.S. Department of Labor and current director of policy at the, if we succeed in restoring "a million jobs a month — which would be absolutely unheard of — it would still take almost two years to get back to where we were." Another huge cost savings potential is not having to pay for workers who are tied to a particular locale. If an employee can live in Flagstaff, Arizona, or Kennebunkport, Maine, a company would no longer need to pay for San Francisco or New York costs of living. If a person is able to work as an interim employee and perform remotely from essentially anywhere, the salary requirement may differ by as much as 30%. That could have a tremendous macroeconomic impact on business.

This is a really bad take lol

This is a terrifying scenario, and quite far fetched. With market valuations near record high, it seems absurd to predict that the only measure that employers can take to survive the pandemic is to shift labor to contract.

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Companies Start to Think Remote Work Isn’t So Great After All'This is not going to be sustainable.' As the work-from-home experiment stretches on, some cracks are starting to emerge: Projects take longer, collaboration is harder and training new workers is a struggle. My personal experience is quite the opposite but I understand the challenges some organizations face. There are so many long term consequences to all that's transpired that we have yet to foresee, let alone start a conversation about how to address them moving forward... We are hovering over the precipice of becoming a developing country Only reason it works now is cuz people/clients are being patient due to pandemic. Once up and running and competition heats up it wont be acceptable. Wait until u lose some accounts cuz a competitor flew in to visit and stole ur client. Lets use those little things in our heads
Source: WSJ - 🏆 98. / 63 Read more »