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The COVID-19 pandemic catalyzed a major shift in the way Americans live and work, and a new analysis from the Federal Reserve Bank of New York shows that workers in the U.S. are taking advantage of a widespread shift toward remote work to spend more time sleeping and engaging in leisure activities.
“One of the most enduring shifts [resulting from the pandemic] has occurred in the workplace, with millions of employees making the switch to work from home,” wrote David Dam, a former New York Fed research analyst, in a Tuesday blog post.
“Even as the pandemic has waned, more than 15 percent of full-time employees remain fully remote and an additional 30 percent work in hybrid arrangements,” he wrote. “These changes have substantially reduced time spent commuting to work; in the aggregate, Americans now spend 60 million fewer hours traveling to work each day.”
Dam and his colleagues drew on the American Time Use Survey to better understand how remote workers are using the time saved on commutes. They found “a substantial fall in time spent working,” with the “decrease in hours worked away from home only partially offset by an increase in working at home,” according to the post.
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“One of the most enduring shifts [resulting from the pandemic] has occurred in the workplace, with millions of employees making the switch to work from home,” wrote David Dam, a former New York Fed research analyst, in a Tuesday blog post.
“Even as the pandemic has waned, more than 15 percent of full-time employees remain fully remote and an additional 30 percent work in hybrid arrangements,” he wrote. “These changes have substantially reduced time spent commuting to work; in the aggregate, Americans now spend 60 million fewer hours traveling to work each day.”
Dam and his colleagues drew on the American Time Use Survey to better understand how remote workers are using the time saved on commutes. They found “a substantial fall in time spent working,” with the “decrease in hours worked away from home only partially offset by an increase in working at home,” according to the post.
Remote employees are working less, sleeping and playing more, Fed stu…
archived 18 Oct 2022 17:15:04 UTC
It seems MatchWatch is a news site that removes old articles after a certain amount of time passes. This is why you have a link to an Archive site instead.
