The Economic Effects of Working From Home

July 17, 2020 Summer Foote

Facing the coronavirus pandemic, many companies cleared their offices, and several have announced they will allow a large portion of their employees to work from home permanently. What does that mean for American workers and employers and for the economy at large?

The Council on Foreign Relations weighs the economic impact of this shift, noting that remote work has been shown to increase worker productivity, but that educated, high-earning workers have more opportunities and are likely to fare better.

At a CFR virtual panel discussion on the future of work in May, Business Talent Group Co-CEO Jody Greenstone Miller predicted that the shift toward remote work could create a "much more real global talent marketplace."

Read more from CFR about what the shift to remote work could mean for the economy.

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