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Related VideoStill, those 50-64 were most likely to work fully remotely, while those 20-29 were least likely. That means they can afford to be fully remote and might feel really comfortable doing things on their own," Barrero said. So that muscle memory might push them to come in more often than younger workers who embrace hybrid." Indeed, many older workers BI has spoken to are divided on whether they want to be in-office or at home — but they're willing to leave roles that don't cater to their preferences. Do you strongly prefer in-office or remote work?
Persons: , Gen Zers, millennials, Nick Bloom, Alex Finan, Jose Maria Barrero, Instituto Tecnológico Autónomo, Barrero, Dennis C, I'm, Charles Bond, they're, Bond Organizations: Service, Business, Employees, Stanford University, Instituto Tecnológico, Business School
Millennials are powering the continued remote work boom, and are more likely to be remote. While Gen Zers and boomers want to go in, millennials are opting to work from home. Going into the office is a desire that cuts across generational lines, unifying groups that aren't often in alignment: Gen Zers, Gen Xers, and boomers. That data paints a clearer picture of how remote work has created new segments of workers. Of course, remote work has been life-changing for some .
Persons: Gen Zers, , Nick Bloom, Zers, Gen Xers, Bloom, José María Barrero, Steven J, Davis, Stanford, Charles Bond Organizations: Service, Stanford, People, Workers Locations: Southern California, Plenty
The idea of permanent remote work is slipping away. After almost three years of relaxed work-from-home policies, CEOs are starting to drag their remote employees back to the office most days of the week. The remote work genie is out of the bottleInfluential remote work researchers, including Stanford researcher Nicholas Bloom, have been backing a flexible, hybrid approach as the way forward. Bloom previously told Insider that well-organized hybrid work is a "win-win" for companies and workers. AdvertisementAdvertisementEveryone else Insider spoke to agreed, though some said even hybrid was likely less productive than being fully in the office.
Persons: Goldman Sachs, Michael Gibbs, They've, Mark Zuckerberg, Andy Jassy, Gibbs, David Atkin, Raj Choudhury, Atkin, Ipsos, " Choudhury, Nicholas Bloom, Bloom, Choudhury, We'll, WFH, Jose Maria Barrero Organizations: Meta, Service, Companies, University of Chicago, Harvard Business School, National Bureau of Economic Research, MIT, Employees, The Washington Post, Stanford, WFH Locations: Wall, Silicon, Indian, Chennai
A report from Goldman Sachs shows studies on remote work have had different conclusions. Results from different research studies don't seem to agree on what remote working means for productivity, a recent report from Goldman Sachs shows. AdvertisementAdvertisementThe different research cited in the report had different study designs. call centers) tended to find positive impacts of remote work," the report said. As studies examine the productivity gains — or losses — of remote work, people have been asked to make the trip back to the office.
Persons: Goldman Sachs, Jose Maria Barrero, Nicholas Bloom, Steven J, Davis, Grace Lordan Organizations: Service, London School of Economics Locations: Wall, Silicon
A resident places wooden boards to protect a house in St. Petersburg, Florida, on Monday. Juan Manuel Barrero Bueno/Bloomberg via Getty ImagesOfficials in St. Petersburg, Florida, are warning residents about storm surge from Hurricane Idalia. “We are preparing as if we could get a direct hit,” Rob Gerdes, administrator for St. Petersburg, during a press conference. St. Petersburg Mayor Ken Welch cautioned his citizens that after Idalia potentially passes over the community, the danger will not be over. And even when it is past us we are still going to see storm surge,” Welch said.
Persons: Juan Manuel Barrero Bueno, Rob Gerdes, Ken Welch, ” Welch, Crews, ” Jeff Baker Organizations: Bloomberg, Getty, Idalia, St, Petersburg, Duke Energy, Census Locations: St . Petersburg , Florida, Petersburg, Idalia, Tampa, St, St . Petersburg, Midwest
MLB roundup: Cubs clamp down on Rays again
  + stars: | 2023-05-31 | by ( )   time to read: +11 min
Mariners right-hander Logan Gilbert (3-3) lasted just four innings, giving up seven runs -- five earned -- on seven hits with one walk and four strikeouts. Senga (5-3) struck out nine in a career-high seven innings. Texas starter Martin Perez gave up six runs and seven hits in 4 2/3 innings. Detroit's Alex Faedo (1-3) was charged with six runs on seven hits in 4 1/3 innings. Milwaukee right-hander Adrian Houser (1-1) allowed seven runs (six earned) and a career-high 11 hits in 4 1/3 innings.
Persons: Kyle Hendricks, Matt Marton, Mike Tauchman's tiebreaking, Hendricks, Julian Merryweather, Mark Leiter, Adbert Alzolay, Austin Riley, Seth Brown, Raisel Iglesias, Brown, Ramon Laureano, JJ Bleday, Jonah Bride, Riley, Kevin Pillar, Aaron Judge, Judge, Anthony Volpe, Greg Allen, Nestor Cortes, Logan Gilbert, Alex Bregman, Chas McCormick, Brandon Bielak, pouncing, Joe Ryan, Christian Vazquez, Anthony Santander, Gunnar Henderson, Henderson, Kyle Gibson, Josh Naylor, Josh Bell, Kodai Senga, Francisco Lindor, Eduardo Escobar, Kody Clemens, Josh Harrison, Andrew Vaughn, Romy Gonzalez, Jake Burger, Luis Robert Jr, Lucas Giolito, Tyler Anderson, Taylor Ward, Shohei Ohtani, Freddie Freeman, Tony Gonsolin, Jason Heyward, J.D, Martinez, Freeman, Keibert Ruiz, Jake Irvin, Jonah Heim, Grant Anderson, Josh Jung, Adolis Garcia, Miguel Cabrera, Riley Greene, Martin Perez, Detroit's Alex Faedo, Xander Bogaerts, Bogaerts, Dylan Floro, Juan Soto, Matt Carpenter, Bryan De La Cruz, Sandy Alcantara, National League Cy Young, Whit Merrifield, Alejandro Kirk, Vladimir Guerrero Jr, Yusei Kikuchi, Adrian Houser, William Contreras, Miles Mikolas, Louis, Giovanny Gallegos, Nolan Arenado, Nolan Gorman, Zack Greinke, Carlos Hernandez, Jose Barrero, Ben Lively, Joely Rodriguez, Will Benson, Raimel Tapia, Rafael Devers, Justin Turner, Masataka Yoshida, Turner, Alexis Diaz, Casas, Zac Gallen, Arizona's, Ketel Marte, Corbin Carroll, Evan Longoria, Marte, Kyle Freeland, Freeland, Nolan Jones, Johan Oviedo, Rodolfo Castro, San Francisco, Connor Joe, Oviedo, Joe, John Brebbia, Michael Conforto's, Mike Yastrzemski, Davis Organizations: Chicago Cubs, Tampa Bay Rays, Wrigley, New York Mets, Cubs, MLB, Rays, Chicago, Athletics, Braves, Oakland, Atlanta, Mariners, Seattle, American League, Yankees, New, Astros, Houston, Orioles, Baltimore, Cleveland, Santander, Guardians, Mets, Phillies, White Sox, Angels, Los, Dodgers, Nationals, Los Angeles, Washington, Rangers, Tigers, Texas, Detroit, Padres, Marlins, Diego, Miami, National League, Blue Jays, Brewers, Toronto, Milwaukee, Cardinals, Royals, Kansas City, Reds, Red Sox, Cincinnati, Boston, Diamondbacks, Rockies, Colorado, Gallen, Pirates, Giants, Pittsburgh, San, Thomson Locations: Chicago , Illinois, USA, Atlanta, New York, Minnesota, York, Philadelphia, Chicago, Los Angeles . Chicago, Washington, Detroit, Texas, San Diego ., Diego, Phoenix
MLB roundup: Astros score four in ninth, stun Cubs
  + stars: | 2023-05-18 | by ( )   time to read: +11 min
Jake Meyers ripped a two-run homer that cut the deficit to 6-5, and when pinch hitter Mauricio Dubon followed with a walk, Brandon Hughes (0-2) entered in relief of Thompson. Mark Vientos, recalled earlier in the day from Triple-A Syracuse, hit a game-tying two-run homer in the seventh for the Mets. Cardinals 3, Brewers 0Paul DeJong hit a two-run homer and Nolan Arenado delivered his 1,000th career RBI as St. Louis defeated visiting Milwaukee. Boston tied its season high with 16 hits, including six in a six-run second inning. Justin Turner went 3-for-4 with his second homer in as many games.
MLB roundup: Ryan Mountcastle's 9 RBIs propel Orioles to win
  + stars: | 2023-04-12 | by ( )   time to read: +11 min
Austin Hays also homered and went 4-for-5 as the Orioles won for the second night in a row. Kyle Schwarber hit a solo home run and Bryson Stott added two hits and two RBIs for Philadelphia. Guardians starter Hunter Gaddis (0-1) allowed eight runs on eight hits with three strikeouts and two walks in three-plus innings. Blue Jays 9, Tigers 3Alejandro Kirk hit a three-run home run and had four RBIs as Toronto won its home opener, beating Detroit. Detroit right-hander Matt Manning (1-1) allowed four runs on six hits with one walk and three strikeouts in six innings.
Commuters arrive into the Oculus station and mall in Manhattan on November 17, 2022 in New York City. According to data collected from June to November, the per-person reduction in spending in New York City was $4,661, followed by $4,200 in Los Angeles and $4,051 in Washington, D.C. In-person work days declined the most, 37%, in Washington, compared with pre-pandemic levels, followed by Atlanta at 34.9% and Phoenix at 34.1%. The Bureau of Labor Statistics found in a study that increased remote work results in a reduction in foot traffic for urban centers. There was a reduction in remote work in January to about 27% from 29%, though he predicts remote work levels will not drop below 25% in the near future.
Restaurants and bars in big cities are reducing hours and closing as remote work cuts in on weekday traffic, CNBC reported. The problem extends to smaller cities as well, like Baton Rouge. Hybrid and remote work is costing big cities billions in lost revenue, and restaurants and bars are bearing much of the brunt. Restaurants in Baton Rouge are offering customers deals like $15 three-course, dine-in lunches, WAFB reported. "It will have pros and cons," Jake Polansky, Baton Rouge Area Chamber's economic and policy researcher, told WAFB.
Hybrid workers who spend one to four days in the office a week earn more than people with fully remote or in-person jobs, according to recent data from WFH Research. The research, conducted by Jose Maria Barrero, Nicholas Bloom, Shelby Buckman, and Steven J. Davis, found that hybrid workers make at least $80,000 per year on average. For remote jobs, companies can source candidates from places that have a lower cost of living, whether it's a different state or a different country altogether, reducing their hiring costs and, in turn, remote workers' earnings, Julia Pollak, chief economist at ZipRecruiter, points out. People in remote jobs are also more willing to take a pay cut in exchange for better work-life balance, Pollak says. Citing workers' willingness to sacrifice higher pay for greater flexibility, Barrero expects the pay gap between remote and in-person workers to shrink in the coming months — but hybrid workers will continue to earn the most.
Not having to commute could mean getting to partake in leisure activities — or more time to get work done. A working paper looked at how people working from home are using their time saved by not commuting. In the US, 23 minutes of this time saved goes to jobs, 19 minutes on leisure, and four minutes on caregiving. Looking at just the results for these wealthy democracies, the US stands out for its lack of minutes saved. This isn't just the case for remote workers in the US; other countries like France also saw workers using most of their saved time on work.
ZipRecruiter, another job site, found a fourfold increase in job listings mentioning remote work, to a 12% total share. In all, remote work translates to roughly 4% more hours worked during a 40-hour week. "People really, really want remote work," Pollak said, adding: "It's difficult to put the genie back in the bottle." 'Significant variation' in remote work opportunitiesThat said, most jobs in the U.S. economy can't be done remotely. People really, really want remote work.
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