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.
See also:
- 45% of jobs can be done remotely
- Half of Millennials and Gen Z would consider quitting if employers don’t allow remote work
- Executives are likely included in “high-paying jobs” which would lend support to remote work overall. Organizational support of remote work correlates with reported productivity
Links to this note
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The Radius of Economic Opportunity Is Limited
The economic benefit of increased wages is highly localized. 8 in 10 people live within 100 miles of where they grew up and disadvantaged groups are less likely to move for higher wages. In total, 99% of the residents of a given area (i.e. commuter zone) would live there even if there wasn’t strong wage growth.
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25% of All Job Postings Are Premanently Remote
According to the Q1 2022 survey by Ladders, 24% of all job posting in the US and Canada are now for permanent remote positions—an increase from 18% in Q4 2021 or roughly 3MM jobs.
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Remote Work Is a Supply Side Problem
There has always been strong demand for remote work and it wasn’t until the global COVID-19 pandemic that the supply side (employers) briefly caught up.