Craig and Sylvia saved $350 a week when they stopped commuting to work and spent the money going to Italy instead. They are not alone.
The nation’s households saved more than $85 billion by skipping the commute and working from home, delivering an unexpected stimulus to parts of the economy while giving many Australians several hours a week more freedom.
The Fair Work Commission starts hearings on Friday in a test case that could give clerical workers the right to work from home without being required to give a reason, and if successful could be applied to other awards, sending even more people back to the home office. “It gives you a bit of flexibility to do things during lunchtime like shopping or dropping off some dry cleaning,” he said, noting team meetings were also fewer and more productive. “The little things give back time at the end of the day.”Before the pandemic, households across NSW spent $14 billion a year on transport services such as train, bus and ferry fares. But data contained within the June national accounts revealed this had collapsed to just $5 billion in 2020 and to $3.
Public transport patronage figures show that before the pandemic, NSW residents took 30 million train trips. This fell to just 5 million during COVID but in June this year it was still only back to 25 million. Independent economist Chris Richardson said the work-from-home phenomenon had delivered both financial and life benefits with the biggest winners low-income or part-time workers.
“Life is a series of trade-offs. There’s a little bit of over-optimism about trying to look after Sydney’s CBD against the benefit many people are enjoying by working from home,” he said.
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