A poll done by Morning Consult on behalf of Bloomberg News in May 2021 showed that 39% of U.S. adults would consider quitting if they weren’t able to work from home. Millenials and GenZ respondents showed 49%.
- A different survey found nearly half of employees are likely to move to work remotely
- And another found two-thirds of remote workers want to continue to work remotely
- Not everyone can work from home, see inequality of remote work
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We can come up with a valuation of remote work by looking at a few signals: what you would forgo, what do you gain, what others gain, and what others lose.
An analysis by Ladders found that the percentage of high-paying job listings ($80,000+) in the US and Canada that were remote increased from 3.69% in Q4 2019 to 14.67% in Q3 2021.
The Bureau of Labor Statistics announced that 4.3 MM Americans quit their jobs in August 2021, up from 4MM in July. The quit rate is highest it’s been since the statistic became available in 2000.
A study of 10,000 workers at an Asian IT company found that when comparing before the pandamic and during (the work from home period), the number of hours worked increased by 30% (including 18% increase outside of normal working hours, but the average output remained the same. This led the researchers to conclude that the overall productivity of remote work declined by 20%.
A survey by Visier found that 89% of employees experienced burnout in the past year. The primary factors that contributed were workload (being asked to do more work, faster, work-life balance), culture (toxic workplace, micromanagement, lack of support from managers or co-workers), and world events (COVID-19 pandemic, police brutality, climate change).