Remote work’s Growth by Nicholas Bloom published by International Monetary Fund (9/2024).
“Economics is famous for being the dismal science. Sadly, recent work highlight ing the slowdown in productivity growth stretching back to the 1950s is no excep tion. But I take a more cheerful view because of the great productivity gains prom ised by the pandemic-induced jump in working from home.
Working from home (WFH) increased about tenfold following the outbreak of the pandemic and has settled in at about five times its prepan demic level (see Chart 1). This could counter slow ing productivity and deliver a surge in economic growth over the next few decades. If AI yields additional output, the era of slow growth could be over…”
