In the period of the coronavirus pandemic, when millions of people found themselves in self-insulation and switched to remote work, large-scale transformation occurred in the global economy. Currently, many companies prefer the new “hybrid” form of labor – combining remote and office work. According to Bloomberg, the pandemic made centers of cities not as attractive for employees.
Economists estimated that the transition to the “hybrid” work will hit the economy in the centers of the US cities, from where, as practice has shown, during the coronavirus pandemic, when a large number of employees worked remotely, there were outflow of people. Sales in cafes, shops and hairdressers decreased. In addition, the lack of need to go to the center during the period of isolation provoked a reduction in public transport trips. For example in Manhattan, spending on leisure will fall at least 13 percent.
The transformation of the labor form will have painful consequences for many urban enterprises. Economists notice that there is a “restructuring”, which will allow to revive small cities and suburbs. The demand for real estate in the “green” suburbs grew.
“Delta” -Stam cronavirus quickly spreads throughout the world, and therefore plans to return employees to the office are often postponed. Many companies want to combine the benefits of remote work with the effectiveness of office meetings. Google will allow employees to spend two days “where they work best.” Lazard, which is engaged in financial advice, follows this example. State Street will close his two offices in Manhattan at all, giving partial priority to remote work. Apple stated that employees will work at an office at least three days a week.