In a Work-From-Home World, Are “Localized” Pay Cuts Sustainable?
Breaking down the boldest bets in business.
Photographer: Tay Jnr/Getty Images
Work-from-home nation is ... well ... it's working, according to our fascinating cover story this week. Almost one quarter of all workers remain exclusively homebound. Sure, we are more addled, but we are arguably more productive. The vast time suck from commuting, marathon conference-room meetings and corporate travel is gone -- no longer sucking, if you will. Collaboration tends to be less effective now, but there's so much more of it that some contend it balances out as a net positive.
On the flip side, corporations are saving scads of money on office space and AmEx accounts, to say nothing of snacks. Like a generation of Hallmark Christmas flick protagonists, a crush of professionals have left the city for small towns and have decided to stay (and are being permitted to by their employers).