As workers vacated entire office buildings and left conference rooms unoccupied, the pandemic work culture began to evolve. Hundreds of thousands of workers migrated home to establish a new work environment worthy of shorts and sweats, yet no mask. Most have embraced the home work culture as a necessity but quite possibly as a new norm as well.
Income and industry have been enormous determinants of which workers have had the privilege of working remotely. Recent data gathered by the U.S. Labor Department identified that higher wage earners and technology slated jobs garnered the most at home positions.
Cities with larger concentrations of technology based jobs, such as San Francisco and Boston, are experiencing the largest amount of work at home positions. Concurrently, cities with greater labor intensive industries such as Riverside and Houston have less home office opportunities.
Source: U.S. Census Bureau, Household Pulse Survey
Disclaimer: The information published herein is provided for informational purposes only, and does not constitute an offer, solicitation or recommendation to sell or an offer to buy securities, investment products or investment advisory services. All information, views, opinions and estimates are subject to change or correction without notice. Nothing contained herein constitutes financial, legal, tax, or other advice. The appropriateness of an investment or strategy will depend on an investor’s circumstances and objectives. Please consult your Advisor about what is best for you.