It appears that the work-from-home trend is here to stay. In 2019, about 5% of all paid days for employees (across all industries) were worked at home. That surged to 62% in 2020 and by August 2022 had stabilized at 31%. For those working in information, technology, or finance, it settled at 50%. One economist described the change as “the largest shock to labor markets in decades,” noting that “in America alone this is saving about 200 million hours and 6 billion miles of commuting a week.”
