Nick Bloom is a Stanford Economics professor and one of the leading authorities on the shift to remote work.
He's part of the team at WFH Research, which produces a steady stream of high-quality research and data related to the shift to remote work.
He posted the chart below on LinkedIn yesterday. Key quote from his post:
"The shift to WFH is the largest shock to labor markets in decades. Pre-pandemic WFH was trending towards 5% of days by 2022. Now WFH has stabilized at 30%, a 6-fold jump."
Companies have been trying to get their workers back to the office, but most of these efforts have been unsuccessful.
We continue to think the hybrid model has won, which will lead to more workers returning to offices.
Because of this, we think the share of days worked from home will trend down to around 22%-25% over the next 2-3 years.
This is still a substantial increase relative to before the pandemic.
