Business

Fighting to overcome the benefits of working from home

It’s not difficult to understand how an employer can do it. With all the commuting time freed, to avoid asking employees to work longer at home, write a report, reply to an email, or contact a client before the meeting begins in the morning. Or you need to submit a form. Day or night? Blurring the line between work and the rest of life does not have to ultimately benefit workers.Indeed, it is Those who are worried About working from home before the pandemic begins.

Economists call this a “coincidence” question. This is the same as the tax return question. Economists regularly analyze whether consumers or sellers are really supposed to pay, for example, when the state raises sales tax.

The first rule of incidence is that it depends on market conditions. The incidence of telecommuting incentives depends on the long-term labor shortage and how strong the employer is. Who needs the other side more? If workers have many options and can quit their time-consuming jobs, they tend to retain their benefits. If an employer can choose from a large number of workers, working from home can be far more disadvantageous than it initially looks.

The job market now seems tight, and if employers put an extra burden on workers, it would probably be a serious mistake.They struggle to attract people and will probably face Wave of resignation.. But is it true years after things return to “normal”?

Wage increases over the last 40 years in the United States are a reminder. For decades, median wages have been very closely tracking the productivity of the average worker, the productivity produced by a typical worker. Then, from the 1970s, this correlation became: break down.. From 1979 to 2019The average worker productivity increased by 72%, but the median wage increased by less than a quarter, or 17%.

There are quite a few debate among economist Why about wages and productivity Seems to have branched..Some people think about relationships Remaining Strong despite changes in general aggregate numbers. Some cite one or more of these factors, such as globalization, technological changes, or changes in the balance of bargaining power due to weakened unions and increased concentration of employers.

But beyond the subtleties, the basic problem is simple.Companies make bigger claims National economy share The best ever. If productivity growth over the last 40 years has benefited shareholders and businesses more than wages, the same can happen with newly discovered productivity benefits and time-saving telecommuting. There is sex.

So now may be the perfect time to enjoy the little things, such as reading the newspaper in your pajamas, drinking another cup of coffee, or simply not having to deal with traffic. Keep in mind that your employer may be telling you to get back to work soon, even if you don’t wear real trousers.

Austan Goolsbee is a professor of economics at the University of Chicago Booth Business School. Follow him on Twitter: @austan_goolsbee



Fighting to overcome the benefits of working from home

Source link Fighting to overcome the benefits of working from home

Back to top button