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Return to office is ‘dead,’ Stanford economist says; here’s why

  • The return to office appears to be a thing of the past, with Stanford economist Nick Bloom declaring it "dead."
  • " After an initial surge in remote work during the pandemic, the share of paid work-from-home days has plateaued at 28% in 2023, four times higher than pre-pandemic levels.
  • Factors like no commute and flexible schedules have made remote work popular, benefiting both workers and companies. Hybrid models dominate, with 47% adopting them.
  • Long-term trends indicate remote work will likely persist, driven by technology advancements and evolving attitudes. The new normal is marked by diverse remote work policies.

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