by Freedonia Industry Studies
October 13, 2020
More major employers in the tech industry and beyond are reconsidering how employees need to operate and how much in-person face time is needed to be successful. For instance, this week, Microsoft announced a plan to allow employees to work remotely less than half their work hours once a return to the office is safe. Employees who want to work from home full-time or from a new location can do so with the approval of their manager (and with a possible adjustment in pay, if moving to a location with lower costs of living).
But what does this mean for the economy? A lot, really. Here are just a few effects:
Some of these trends started during 2020, but if work-from-home becomes more widely seen as permanent, more workers will make purchases and lifestyle changes to make that new reality more comfortable and more fulfilling.
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