As the economy continues to reopen and recover from the coronavirus pandemic, the debate over remote work vs. in-office work continues. But new data shows working from home could be here to stay for a lot of high earners.
For the first time, there are more job listings with six-figure salaries for remote roles than there are for jobs in any city in North America, according to jobs site Ladders.
Ladders, which analyzes data from 50,000 North American employers each week, found that there are more than 80,000 remote jobs paying at least $100,000. San Francisco is the runner-up, with roughly 69,000 remote six-figure jobs. Rounding out the top five are New York with nearly 65,000, Boston with more than 40,000 and Washington, D.C., with nearly 37,000 six-figure jobs.
Historically, cities like San Francisco, New York and D.C. have had the most high-paying jobs available. Telecommuting now overtaking these cities is just another way in which the pandemic has altered the way we work.
If remote work continues post-pandemic, as it likely could, commercial real estate could take a hit.
Some companies are trying hybrid-work models, including Google GOOGL, -0.03%, where employees work from the office part of the week and from home during the rest. With 63% of companies preferring a hybrid model, it could be the winner moving forward.
Critics argue there are downsides to remote work, though. Jamie Dimon, CEO of JPMorgan Chase JPM, -2.28%, said at a Wall Street Journal CEO Council event that working from home “doesn’t work for people who want to hustle, doesn’t work for culture, doesn’t work for idea generation.”
The argument for returning to the office has long been that chance encounters with colleagues inspire innovation and increase productivity. But, the New York Times reports, there is no evidence to support that claim. One study found that popular open-office layouts can even decrease face-to-face interactions by 70%.
And with reports of worker productivity increasing during the pandemic, your home office could be your only office moving forward.