Hitting the Books: What the 'Work from Home' revolution means for those who can't
The COVID-19 pandemic changed how we live, how we work, how we get from where we live to where we work or even if we have to leave where we live to get to where we work. But the number of workers that have had their commutes shortened from 45 minutes to 45 feet constitute only a fraction of the American workforce — the remainder are still making the twice daily trek. In his new book,
Not everyone can engage in remote work. If 35 percent of the workforce is engaged in remote work at least a few days a week, this will have at least three effects on other workers. First, service jobs demand will rise in the residential areas where remote workers move to. As remote workers move farther from city centers, this will create exurban demand for service workers at the Starbucks and other stores where they shop.
Throughout this chapter, I have focused on how the WFH eligible reconfigure their lives to make the most of this new opportunity. Here it is important to note that those who are currently not WFH eligible are not locked into this category. Younger workers can retrain in fields to open up this possibility for themselves. Parents of younger children can make investments in their children to raise their probability of being WFH eligible in the future.
As more people have the opportunity to live and work where they want to be, this increases not only their physical and mental health but also the accountability of our institutions. If there are places whose governments are failing to meet the desires of local residents, then people will be more likely to move away. In this setting, real estate prices will more quickly reflect changes in local quality of life.
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