The vast majority of the white-collar workers who had clustered in big cities and expensive suburbs before the pandemic stayed put even as they stopped going into the office.
Some 27 percent of respondents in a survey of 2,250 workers by the consultancy KPMG said they would prefer to work fully in-person. That’s more than the percentage who said they wanted to work fully remote. What’s more, 23 percent of respondents...
The values of New York office properties declined nearly 45 percent in 2020 and are forecast to remain roughly 39 percent below pre-pandemic levels due to the persistence of flexible work policies, according to a new study from the National Bureau...
The latest wave of automation is building on advances in artificial intelligence and machine-learning that allow computers to perform tasks like speech recognition, and make some of the decisions that used to be reserved for employees. With wages...
The Direxion Work From Home exchange-traded fund (ticker WFH), the largest with $37 million in assets, has plunged 44% over the past year and hasn’t seen an inflow since November 2021.
“The transition to remote work because of the COVID-19 pandemic has been a key driver of the recent surge in housing prices,” economists Augustus Kmetz and John Mondragon, of the San Francisco Fed, and Johannes Wieland of the University of...
The shifts imply that companies’ efforts to get workers to come back to the office for at least part of the week after the US Labor Day holiday are having their intended effect. Subway usage reached 3.76 million on Tuesday, the most since the...
