Nicholas Bloom predicts a working-from-home Nike swoosh

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Nicholas Bloom predicts a working-from-home Nike swoosh
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Firms, employees and society will all benefit, reckons the Stanford economist

are full of stories of how firms from Amazon to Zoom are dragging their employees back into the office. So is working from home over? Was this simply a pandemic-era remote-work boom extended by tight labour markets?will soon start growing again. Remote working is set to undergo a Nike swoosh, with an initial post-pandemic drop, followed by its current stabilisation and a future long-run surge.

These technologies made it easier to work remotely. Imagine trying to work from home without a computer or the internet. I saw this first-hand as a child of two working parents. My parents would occasionally work from home when child-care emergencies happened, and it was a challenging experience. This remote work in the 1980s required carrying wads of paper to the office and back, and being excluded from meetings and key decisions at work.

I see the virtual gold rush that this has provoked in Silicon Valley, where I live: venture capitalists, startups and established technology firms are racing to build the next remote-working gadget or app. One indicator of this is filings with America’s patent office. The share of new filings mentioning words such as “telework”, “work from home” or “remote work” spiked after the world went into covid-induced lockdown and remains at double the pre-pandemic level.

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