The World After Covid-19: Remote Working

What does the global working from home experiment mean for the long-term? Morningstar analysts look at the impact on economies, real estate and the oil price

Preston Caldwell 24 September, 2020 | 10:08AM
Facebook Twitter LinkedIn

Remote working Covid-19

The Covid-19 pandemic has forced an unprecedented experiment with working from home. We estimate 45% of US workers were working from home at the 2020 pandemic peak. However, we shouldn't assume that working from home will be the new normal, as history presents many episodes of disruptions on the scale of Covid-19 in which things eventually returned to the old normal.

Although we expect a solid boost to work-from-home adoption thanks to the pandemic, we think most workers will return to the office. We project that 13% of US workers will be working from home full time in 2025, up from 9% in 2019. This is a faster rate of growth than working from home has seen in the last decade. We think hybrid working from home (which is preferred by more workers) will see slightly greater uptake. Working from home isn't for everyone. It requires the right occupation, permission from the employer, and ultimately choice of the worker. Only 13% of the US workforce will clear all three of these hurdles.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

About Author

Preston Caldwell  is equity analyst at Morningstar.