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Get A Comfortable Chair: Permanent Work From Home Is Coming

NPR – “Indefinite. Or even permanent. These are words companies are using about their employees working from home. It’s three months into a huge, unplanned social experiment that suddenly transported the white-collar workplace from cubicles and offices to kitchens and spare bedrooms. And many employers now say the benefits of remote work outweigh the drawbacks. Tech companies Twitter and Facebook captured headlines with announcements about permanent work from home. But the news from a 94-year-old company based in the heartland — Columbus, Ohio — may have been even more significant. Nationwide Insurance is shutting five regional offices since remote work has gone off so smoothly during the pandemic. And thousands of employees will permanently ditch their commutes for home offices…One potential change: Demand for commercial real estate falls due to the growth of remote work and the realities of a painful economic downturn. For example, 90% of the 60,000 employees at investment bank Morgan Stanley have been working remotely during the pandemic. Lesson learned, according to Morgan Stanley CEO James Gorman…”

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