Why remote work is 'largely played out', economist explains
02/03/2024 03:01
Steven Davis, Senior Fellow at the Stanford Institute for Economic Policy Research, joins Yahoo Finance Live to discuss the potential economic benefits of remote work setups, as fewer CEOs are prioritizing return-to-office mandates in 2024. Davis says the trend of corporate calls to return to the office will restore a "normal relationship between labor market tightness and wage pressure." He notes employers have "benefited" from remote work's ability to expand candidate reach and moderate wage growth demands. However, he believes this dynamic is "largely played out" now. As the January jobs report revealed more women are entering the US workforce, many American women still "disproportionately" bear household responsibilities like childcare. Davis points out "it's a lot easier to do that when you work from home." However, Davis notes anyone, male or female, will lean toward jobs with remote work options if household responsibilities are a priority. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Steven Davis, Senior Fellow at the Stanford Institute for Economic Policy Research, joins Yahoo Finance Live to discuss the potential economic benefits of remote work setups, as fewer CEOs are prioritizing return-to-office mandates in 2024.
Davis says the trend of corporate calls to return to the office will restore a "normal relationship between labor market tightness and wage pressure." He notes employers have "benefited" from remote work's ability to expand candidate reach and moderate wage growth demands. However, he believes this dynamic is "largely played out" now.
As the January jobs report revealed more women are entering the US workforce, many American women still "disproportionately" bear household responsibilities like childcare. Davis points out "it's a lot easier to do that when you work from home." However, Davis notes anyone, male or female, will lean toward jobs with remote work options if household responsibilities are a priority.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith