Is Remote Work Good for You?

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  • Опубліковано 16 жов 2024
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    The COVID pandemic transitioned millions of workers into remote workers almost overnight. There are a lot of obvious benefits for individuals, but what are the broader economic costs?
    Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson, AFC®
    Directors: Katie Graham & Andrew Matthews
    Written by: Taylor Behnke
    Executive Producer: Amanda Fox
    Produced by: Katie Graham
    Edited & Animated by: Steven Simone
    Fact checker: Yvonne McGreevy
    Executive in Charge for PBS: Maribel Lopez
    Director of Programming for PBS: Gabrielle Ewing
    Assistant Director of Programming for PBS: John Campbell
    Images by: Shutterstock
    Music by: APM
    Two Cents is a production of Spotzen for PBS Digital Studios
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КОМЕНТАРІ • 429

  • @hugolagos9269
    @hugolagos9269 2 місяці тому +492

    WFH improves the 2cents economy because I can actually watch it

  • @juzoli
    @juzoli 2 місяці тому +555

    Fewer traffic jams, less traffic, lower needs for infrastructure, lower fuel use, lower pollution, several hours of our own time per week, less need for childcare etc…
    Unless remote work are VERY inefficient, it is a no brainer.
    Sure the transition can disrupt some businesses, but the long term benefits are hard to question.

    • @juzoli
      @juzoli 2 місяці тому +39

      Home prices might initially go up, but it is offset by the fact that we can now have more options to live. We can move further away from the cities, making those less crowded, and reviving some towns on the countryside.
      Office prices will go down, but then construction capacity will move from office to residential, so it is fine. Also, cheaper office means that businesses who are more efficient in the city, but were outpriced, can now move into the city.

    • @hermeticbear
      @hermeticbear 2 місяці тому +9

      lower needs for infrastructure???
      Where do you get that? the needs of the infrastructure just change. Instead of towering, expensive, and high energy using office buildings, the infrastructure needed shifts to residential neighborhoods
      But people still need roads. Tons of people can't do remote work because the work has to be in person.
      electricity and the internet still need a lot of work, especially if remote workers want to leave cities and metropolises, because low population areas lack that essential infrastructure that they need to work remotely.

    • @mememan9890
      @mememan9890 2 місяці тому +25

      @@hermeticbear The wear and tear on roads goes down because people aren't driving into the office.

    • @hillfortherstudios2757
      @hillfortherstudios2757 2 місяці тому +5

      No way! We need someone who is paid to hover over you at all times!

    • @leonardo899
      @leonardo899 2 місяці тому

      You have to think that remote work is not good for workers.

  • @TomMcMorrow
    @TomMcMorrow 2 місяці тому +270

    As someone who is WFH 60% of the time, I deeply enjoy not having to make the hour commute into the office every day. I also find I'm much more amenable to staying longer since I'm already at my house as opposed to needing to get out the door right at 5 to have some semblance of work/life balance and avoid getting stuck in long traffic delays.

    • @Iffy50
      @Iffy50 2 місяці тому +8

      My commute used to be 3.5 minutes. Now I moved and it's 12 minutes. I don't mind 12 minutes, but an hour each way would be my nightmare! How long did you endure those commutes on a daily basis?

    • @LK_EBM
      @LK_EBM 2 місяці тому +6

      ​@@Iffy50I think that's a norm for people living in HCOL areas like Los Angeles

    • @BanellaRg
      @BanellaRg 2 місяці тому

      What is your job title?

    • @TomMcMorrow
      @TomMcMorrow 2 місяці тому

      @@Iffy50 Thank you for asking!
      Since I started during the pandemic, I had the "good fortune" (if it can so be called given the circumstances) to have started at roughly my current level of WHF.
      It's not so bad, my girlfriend works the complete opposite schedule to me, so when I'm driving down in the morning she's driving home from her overnight shift (which takes about 2 hours) and we talk to keep one another company and catch up about the day.

    • @robindiddams4663
      @robindiddams4663 2 місяці тому

      Maybe the system that told you it was good to get a job with a 1 hour commute is what needs to change.

  • @litmcgee5900
    @litmcgee5900 2 місяці тому +111

    I've been working from home the last 4 years, and it is a game changer. i don't think i will work in person ever again unless i open my own business

    • @slappy_chimp
      @slappy_chimp 2 місяці тому +1

      hmm what do you do for a living? I did 4 years of remote and now hybrid
      loved when fully remote

    • @litmcgee5900
      @litmcgee5900 2 місяці тому +1

      @slappy_chimp doing customer support/ tech support. It pretty laid back once you get used to it

    • @steverogers7601
      @steverogers7601 2 місяці тому +7

      I say this to people who don’t remote work:
      WFH is exactly how great you imagine it to be!
      You get to do your work and be productive, while also not wasting time and money on commuting, while also getting to prep your lunch food fresh at home, and also being a short distance from the bathroom.

    • @BanellaRg
      @BanellaRg 2 місяці тому

      What is your job title?

    • @Raiya_ru17
      @Raiya_ru17 2 місяці тому

      @@steverogers7601introverts love it lol. I know some people who even went back to office during pandemic because they just love the office social scene lol. I mean I’m okay with my team mates but after experiencing WFH during 2020, I don’t think I would miss the office dramas and micromanaging etc.

  • @Phrancis5
    @Phrancis5 2 місяці тому +102

    Been WFH for 8+ yrs and I love it. No commuting stress, no transport costs, less car pollution, no office space cost for my company, and just a better work-life balance. I will admit that I'm eating out less, we did trade up to a bigger house, there is a lot of empty office space in my town, and I do end up being distracted by FB and YT more....

    • @steverogers7601
      @steverogers7601 2 місяці тому +4

      The distraction of FB and YT is replacing the nothingness we do in the office.
      A lot of people lie that their days are that busy.
      Most of those folks walk around in the office Chit chatting because they have down time.
      It’s normal.

  • @pepperminttree
    @pepperminttree 2 місяці тому +238

    i would never complain of loneliness, better than meaningless small talk

    • @terry_the_terrible
      @terry_the_terrible 2 місяці тому +5

      As an independent contractor working from home for a large company, you soon realise that the only person you hang out with is yourself.
      My work schedule ends at 8pm everyday which means I barely see my family and I'm certainly not going to go back to pub crawling.

    • @bunnybag
      @bunnybag 2 місяці тому +16

      ​@@terry_the_terribleBut you still have your family around you. You engage with them while having lunch and other breaks.
      In an office environment, especially when you have to leave your town. You don't get to see your family at all.

    • @steverogers7601
      @steverogers7601 2 місяці тому +5

      @@terry_the_terribleman that’s on you!
      I WFH and see my family throughout the day.
      Sure my day is packed with meetings and follow ups, but in between that, I find time to have lunch with them or catch up with them during quick breaks.
      It’s way better than have to small talk the ladder climber in the office because he needs to know I’m on his side so he doesn’t gossip about me behind my back.

  • @carlosgomezsoza
    @carlosgomezsoza 2 місяці тому +29

    Remote work also reduces traffic wich gives a better experience to people that cannot remote work

  • @ssgg23
    @ssgg23 2 місяці тому +27

    I became disabled right before the pandemic started. The immediate need for work from home ended up being a game changer for me and probably is what kept me from losing my job these past four years. Will probably never go back to a job that requires me to be in an office on a regular basis, not unless my chronic pain condition substantially improves.

  • @emeraldxtouch
    @emeraldxtouch 2 місяці тому +224

    No one talks about how much employers have saved in costs, particularly because they also hire contractors lately instead of full-time workers to avoid paying benefits like insurance. The employee also has to subsidize additional costs such as internet, VPNs (if required for work), electricity, gas and the list goes on. It's ironic how some employers want to pay remote workers LESS for the 'privilege' when, in fact, based on these metrics, they should pay more.

    • @Gnomezonbacon
      @Gnomezonbacon 2 місяці тому +26

      Yeah but what you pay extra in electricity, you save on gas and car payments and car insurance because you're not driving 400 miles a week to the office and back and you have 2+ hours of your time put back in your day, time you can now spend productively as Tywin Lannister might say today.

    • @Betweoxwitegan
      @Betweoxwitegan 2 місяці тому +13

      Why would a VPN be required for work? Why could you not access a company's plan for the VPN? You save far more in travel expenses, car maintenance costs, car insurance, fuel and travel time cost when compared to increased energy usage, the increased internet usage is minimal and probably wouldn't increase costs unless you're downloading large files but that should be done from the company's cloud storage.

    • @frankm.2238
      @frankm.2238 2 місяці тому +13

      I've thought about this for using my own ac during the summer. Normally mine would be off the whole workday until I got home but being remote it's on most of the day and has definitely been a big cost on electricity. The way I looked at it though, I felt like I'd rather take that hit than drag myself into my hot car sit in traffic just to use the company ac.

    • @emeraldxtouch
      @emeraldxtouch 2 місяці тому +7

      @@Betweoxwitegan In my line of work, you have to use VPNs particularly when reviewing sites/products unavailable in your location. This is not reimbursed by all companies, same goes for internet and electricity. Very few give you a remote work allocation, and if they do, it's a symbolic sum like 100 EUR here in Europe. When comparing your rent cost as an individual and thinking how much they save by not renting office space, paying for maintenance, supplies for employees...all things considered, I still think companies save a lot more than individuals, if you look at a grand scale.

    • @Betweoxwitegan
      @Betweoxwitegan 2 місяці тому +6

      @@emeraldxtouch Companies definitely save more than individuals but it's a mutually beneficial relationship, I think companies should have to give their workers more compensation relative to saved costs but, hey. What I was saying was I'd think most companies would have a work plan with certain VPN providers which all workers would use, probably not though, idk.
      May I ask what line of work you're in?

  • @sevalle
    @sevalle 2 місяці тому +30

    I work a hybrid work schedule, 2 days in office and 3 days at home. I used to be fully remote but honestly i like going to the office a couple days and seeing my clients. Hybrid has been perfect for me and I'm glad I am in a career and position to have it and the flexibility that comes with it. After 20+ years in my career field I've come to appreciate the work/life balance that this affords me much more than if I had gotten this in my early days of my career

    • @NineteenEightyFive
      @NineteenEightyFive 2 місяці тому +5

      hybrid is definitely underrated and doesn't get mentioned enough.

    • @steverogers7601
      @steverogers7601 2 місяці тому +3

      @@NineteenEightyFive it doesn’t get mentioned enough because more people like WFH better.
      The problem is companies not wanting to offer both 100% WFH and hybrid.
      I want you to have your hybrid because it works for you.
      But I want 100% WFH because it works better for me, yet it’s a problem that folks start questioning and acting like it’s not that good.

  • @cavscout43
    @cavscout43 2 місяці тому +119

    This is unfortunately some "both sides" sprinkled in with Broken Window Fallacy.
    The video presents it as there are equitable pros and cons.
    Pros: better for productivity, the environment, traffic, work-life balance, restoring the middle class, and combating inflation
    Cons: Giant commercial real estate companies worth hundreds of billions of dollars will have slightly less margins. Businesses downtown won't sell as many $18 convenience salads to office workers, since they're instead buying better food closer to their house
    So there's more money for consumption instead of burning it (literally in the case of gasoline and coal fired power plants) in their cars on the commute and to keep the lights/HVACs running in downtown offices. But we're trying to make it sound like this is somehow bad for the economy? At the end of the day, commercial real estate for offices is the definition of rent-seeking behavior, which even Adam Smith called out as parasitic on the economy. Even the much mentioned "small businesses" aren't the giant commercial chains downtown by offices which pay $150k a month just on rent. They're the small strip mall restaurants in the suburbs where remote workers will frequent more once they don't have an unnecessary office mandate.
    We need to start being honest about the reality of remote work instead of pandering to out of touch geriatrics who can't imagine "work" as anything more than "40 hours a week, butts at desks"

    • @Iffy50
      @Iffy50 2 місяці тому +15

      That makes perfect sense. Many large companies started forcing their employees to come in so they could pay extra for the cost of office space, make their employees upset, and hurt productivity all at the same time.

    • @cyrustakem7993
      @cyrustakem7993 2 місяці тому +2

      Are you really defending unhelathy overpriced food? Damn

    • @elenakalliste
      @elenakalliste 2 місяці тому +4

      @@cyrustakem7993definitely didn’t see any of that in that extremely thoughtful and accurate comment

    • @Matok1
      @Matok1 2 місяці тому +1

      Yes, perfect examples.
      Anytime there is a shift in consumer behavior, there will also be a shift in the economy that follows that behavior, this is not a 'bad' thing, it's a 'normal' thing. Listing those normal things as a con, which is mildly suggesting maybe we should avoid the change because oh no, it might change things for some huge real-estate investor and hurt 'the economy'... I mean come on. Since when has 'the economy' going in a positive direction meant that things were going in a positive direction for most people? Not since decades ago. We had the 'best' economy in the history of the world between 2008 and 2020, and the average American is in the worst financial position they have ever been regardless.
      I think the enormous corporation will be fine even if 'the economy', aka their stock value, goes down a bit, and if not, then its due to their mismanagement and inability to adjust to change, not people working remote.

    • @Pytor007
      @Pytor007 2 місяці тому

      This right here.

  • @emilyboulter5978
    @emilyboulter5978 2 місяці тому +27

    We definitely had a divide in our office between those who can work from home, and those who can’t. Our managers can work from home, but the rest of our employees have to come in. This was definitely a problem during the pandemic.

    • @Eminence_1337
      @Eminence_1337 2 місяці тому +3

      Yup my manager WFH half the time but if we ask we “need coverage” 95% of the work I’m doing remotely in the office anyway.

    • @steverogers7601
      @steverogers7601 2 місяці тому +2

      This is why I’ve grown to distrust managers in general and what I will teach my kids.
      Sure you have those rare and uncommon managers who will be cool and fair, and I treat those folks with every ounce of kindness, care, and consideration.
      But they’re not common.
      Your common manager is a person who protects their check, climbing the ladder, or someone abusing the little bit of power they’re given.

  • @andreytravkin7579
    @andreytravkin7579 2 місяці тому +7

    Pros of remote work less traffic jams, less pollution, less strain for infrastructure, more personal time for people, less money spend on dressing for work and lunches. And probably the biggest one you on't have to live in some sort of financial hub like New York or Chicago you can move out and what for the money you previously could afford a shoebox studio you can buy a whole house somewhere else

  • @xyJleTaM
    @xyJleTaM 2 місяці тому +21

    WFH 95-100% since forever and I wouldn't accept another job unless there really is no other way. Less costs, less time wasted commuting, I can see my loved ones throughout the day. I would buy all the ergonomic stuff I need for the cash I didn't spend on fuel, but my employer offers to buy the equipment anyway. I can come in whenever I like and once a month there is a in person meeting. This is the way.

    • @oksanakaido8437
      @oksanakaido8437 2 місяці тому

      How did you find a remote job? I'm seeing quite a few "remote" job listings these days, but many of them are just scams 🫤

  • @sanguineel
    @sanguineel 2 місяці тому +113

    RTO has actively alienated me from caring about my job. They don't care about us so I will do the bare minimum.

    • @Yeagizzo
      @Yeagizzo 2 місяці тому +3

      You’re goin places

    • @sanguineel
      @sanguineel 2 місяці тому +29

      @@Yeagizzo My pay continues to increase as I continue to output less. If they lie, cheat, and steal, then we can too.

    • @carlosaguilarbogantes667
      @carlosaguilarbogantes667 2 місяці тому +5

      Same

    • @herlegz6969
      @herlegz6969 2 місяці тому +11

      Being in office/on site only makes it worse with constant surveillance and micro managing and enslaving more of your time and existence.

    • @fishroy1997
      @fishroy1997 2 місяці тому

      Loser

  • @Jumpman67
    @Jumpman67 2 місяці тому +10

    I'm not sure about the macro level but on my personal level working from home is amazing.

  • @karazu121
    @karazu121 2 місяці тому +94

    I have been working from home since 2019 and I would rather DIE than go to back an office for NO reason.

    • @kyasarin9644
      @kyasarin9644 2 місяці тому +15

      So true. only boomers hate remote work

    • @a.9913
      @a.9913 2 місяці тому

      ​@@kyasarin9644or managers who are micro in both their management style and cock size.

    • @MindfulMaverick29
      @MindfulMaverick29 2 місяці тому

      If you're more productive WFH, would you mind taking an additional workload?

    • @Skunkmail
      @Skunkmail 2 місяці тому

      If I am more productive WFH would you mind paying me more!​@@MindfulMaverick29

    • @AkibanaZero
      @AkibanaZero 2 місяці тому +8

      @@MindfulMaverick29 What's the point of this question?

  • @RamCruiserOverland
    @RamCruiserOverland 2 місяці тому +14

    I work in the trades and get paid commission, so this isn’t applicable to me. However my girlfriend works in tech for a big name company. I’ve watched her go from WFH, to hybrid, to RTO, then back to hybrid. They go through periods where there’s nothing to do for weeks, to times when she’s up until midnight working. There’s little reason to go to the office other than “team-building.” Our generation is realizing we want to work to live, not the other way around. Being forced to live in an expensive crowded metro area and spend hours commuting every week is infuriating when it doesn’t have to be that way.

  • @Ricardolopesesteves
    @Ricardolopesesteves 2 місяці тому +35

    Excellent content, but it would have been nice to mention that remote work benefits the local economy. As an example, the centre of London is dominated by coffee chains and food chains, whenever I am working from home I buy from a local restaurant/cafe instead of going to Starbucks, Costa etc.

    • @hiphipjorge5755
      @hiphipjorge5755 2 місяці тому +2

      In the United States in many areas this actually doesn't benefit small businesses all that much because our suburbs and residential areas in much of the country are dominated by chain restaurants and stores.

  • @Jmpaul26
    @Jmpaul26 2 місяці тому +14

    WFH showed me that i can somehow work harder and sometimes longer than before, and yet still have more time than I would have goong into the office... Likely because the flexibility helps me to work smarter.
    I'm not restricted to getting exercise or doing chores before or after work. Now it can happen in between meetings. The 30-60 minutes of daily commute are now additional time I didn't have previously. The only drawbacks to WFH for me are my increased electricity bill and the fact that any errand I run feels less convenient because I'm not already out the house 😅

    • @steverogers7601
      @steverogers7601 2 місяці тому

      And those drawbacks are that big a deal to me.

  • @YJB-pj2hu
    @YJB-pj2hu 2 місяці тому +11

    People who would have commuted into major cities are saving hours every day by not commuting in. Who knows if I'll even have the time to talk to my boyfriend if I'm doing my wild commute everyday.

  • @dosadoodle
    @dosadoodle 2 місяці тому +5

    Employee of the real-world analog of "Hooli" here. Some areas of the company have either stopped allowing remote workers to get promoted entirely or made it incredibly difficult to do so without relocating back to a main office. Most remote workers also took a pay cut when they relocated. I guess this is what we get when Go-, I mean, Hooli's leaders become followers of other companies' policies -- incoherence and dysfunction.

  • @Gnomezonbacon
    @Gnomezonbacon 2 місяці тому +62

    Remote work saves me 12,000$ a year on car expenses. I work remotely, live in a city and I have everything delivered. I love being able to be that guy out and about at 2pm on a workday. I almost feel bad for anyone who still has to wear that ridiculous office clown suit and deal with a cubicle. Warms my heart to see all these empty office parks overgrown and crawling with cows.

    • @Betweoxwitegan
      @Betweoxwitegan 2 місяці тому +3

      What field are you in?

    • @justanotherhappyhumanist8832
      @justanotherhappyhumanist8832 2 місяці тому +3

      @@BetweoxwiteganHahaha I see what you did there

    • @tianlechen
      @tianlechen 2 місяці тому +2

      remote work also saves the company money too since they can now hire from even lower cost of living locations and even other countries.

    • @Betweoxwitegan
      @Betweoxwitegan 2 місяці тому

      @@justanotherhappyhumanist8832 👀

    • @lyl3645
      @lyl3645 2 місяці тому

      I live in an office park and wish my company was within this park than 50 mins away.

  • @harley6948
    @harley6948 2 місяці тому +11

    As a Black woman in technically a suburb that HATES commuting, the remote work phase during the pandemic provided me the ability to move up in the accounting world without committing to a 1.5 hour commute one way. After that work ended, I cannot find anything comparable local to me. I know it's rough for everybody in 2024. Waiting for things to improve!

    • @Money-Moves-Mastery
      @Money-Moves-Mastery 2 місяці тому

      This channel makes over $40k a month, and you can too, without showing your face.
      Will you like an indepth explanation?

  • @mochaest1994
    @mochaest1994 2 місяці тому +7

    I work from home 100%. If given the choice I would always WFH rather than get a pay increase as I use less gas to commute, save myself the mental health by “sleeping in” and not having to worry about near fresh clothes every single day. I have my kiddo I can tend to and enjoy staying away from catty coworkers!

  • @BenShutUp
    @BenShutUp 2 місяці тому +4

    I’m hybrid, and I am able to get more focused work done on my remote days because I get to be away from all of the office chatter. I love my team but it can all be so distracting for the long lists of tasks I aim to accomplish. Those tasks spillover into my remote which allows me to catch up then.

  • @themrch4oskol206
    @themrch4oskol206 2 місяці тому +37

    I have a quick commute to work, so I dont mind going in more often. But if I had a long commute, I would prefer staying at home.

    • @juzoli
      @juzoli 2 місяці тому +7

      If everyone goes into office, you won’t have a quick commute:)

    • @kyasarin9644
      @kyasarin9644 2 місяці тому +3

      @@juzoli maybe the commute is quick because they can walk or use public transport? is that something that your little car-brain cant comprehend?

    • @themrch4oskol206
      @themrch4oskol206 2 місяці тому

      @@juzoli The good old prisoners dilemma :D Or rather workers dilemma.

    • @juzoli
      @juzoli 2 місяці тому +5

      @@kyasarin9644 The fact that you were so eager to insult me in your very first reply, shows how little you know about the topic:D

    • @juzoli
      @juzoli 2 місяці тому

      @@themrch4oskol206 Not really a dilemma. Everyone who can work from home should work from home, with 0 commute time. And everyone who can't work from home, will have a shorter commute.
      It's a win-win, everyone spends less time on the road.

  • @rtothec1234
    @rtothec1234 2 місяці тому +15

    Like anything else in life balance is good. I know people who exclusively WFH, then switched jobs when the company stated they were ending remote work, and basically lost their social skills and find it hard to get new jobs.
    I love WFH like anyone else but at some point you gotta leave the house, talk to people, at least once in a while. You gotta get out there and be seen.
    Even when I was an independent contractor I made it a point to rent out a common (office) space and work there. Especially when meeting with clients.
    Also, it makes easier for employers to replace you with outsourced labor than those who come into the office (all other things being equal). I have seen this a few times now.
    So for me hybrid is the best of both worlds.

  • @hadenwesley6548
    @hadenwesley6548 2 місяці тому +6

    As traffic fatalities are at 40+ year high, 100% of accidents aren't in my living room. Also no contagious coworkers, no drama, cheaper, less vehicle maintenance, more time to rest, better family life, etc. Love it and absolutely would accept lower salary to stay remote if needed but when engineers have asked for my presence, yes absolutely I'll come in every time. Otherwise, no. No need.

    • @Money-Moves-Mastery
      @Money-Moves-Mastery 2 місяці тому

      This channel makes over $40k a month, and you can too, without showing your face.
      Will you like an indepth explanation?

  • @grey5626
    @grey5626 2 місяці тому +2

    I've been administering VPN concentrators since the 1990s to facilitate remote work for others, but have always been required to work at least 40+ hours at a desk and was only allowed to work remotely in addition to that.
    AFAIK, Ken Thompson maybe pioneered "remote work" with accounts going back to the 1970s when he continued to toil on BSD/UNIX systems after he returned to Bell Labs after taking a sabbatical and visiting his alma mater where he helped the CSRG (Computer Systems Research Group) get a taste for UNIX (presumably so they could run the Space War variant, Space Travel, which was more or less why UNIX was originally invented).

  • @PeaceBeginsOnYourPlate
    @PeaceBeginsOnYourPlate 2 місяці тому +9

    Having been WFH for 4 years now, I would say hybrid is best, but only if the office is nearby. Or even having a quarterly face to face for a week would be good.

  • @iTzDritte
    @iTzDritte 2 місяці тому +25

    😂 I am indeed taking this in as a sneaky scroll during work hours 😂

  • @amirmirzaei3940
    @amirmirzaei3940 2 місяці тому +27

    when the mustache coming back?

  • @djm2189
    @djm2189 2 місяці тому +2

    Im 29, wfh, earn $120k. Ive turned down jobs that offered $140k since they were onsite. Everything has a cost and with a commute, food, etc it wouldn't be much of a boost anyways. Im extremely happy and my work as a business analyst involves different clients west, central, east coast so I'd never have an office. I travel to a client like once a quarter and its to nice places like NYC and Europe.

    • @Money-Moves-Mastery
      @Money-Moves-Mastery 2 місяці тому

      This channel makes over $40k a month, and you can too, without showing your face.
      Will you like an indepth explanation?

  • @AxelQC
    @AxelQC 2 місяці тому +1

    There are definitely short term disruptions with telework, but I have had a hard time believing that 20 years from now, telework will not be the norm and office space dramatically pared down.
    I've been teleworking in some form for the last 15 years, so this is an inevitable trend as telecommunications become more pervasive. I've worked with remote employees across the country throughout that periid, It saves businesses money, and improves worker morale while reducing their costs.

  • @masterofnone2705
    @masterofnone2705 2 місяці тому +1

    I’ve been WFH since 2008. I do feel forced bond to my house but I like my house. In 2009, I picked up grocery shopping duty to get out of the house and that saves my wife time. Picked up cooking duty too. I do whatever I can and I still have plenty of time.

  • @Malavander
    @Malavander 2 місяці тому +3

    I go stir crazy living and working in the same place. Feels like I'm in prison. I need to be able to separate the two.

  • @ArmyRanger28
    @ArmyRanger28 2 місяці тому +2

    Micro-aggressions of touching black people’s hair???? Who does that? Really?…call me skeptical.

  • @AlisonDiezani-s6p
    @AlisonDiezani-s6p 2 місяці тому +104

    *If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation*

    • @DavidMoore987
      @DavidMoore987 2 місяці тому +2

      Interesting, This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro Investor?

    • @StoweMercantile
      @StoweMercantile 2 місяці тому +1

      I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields

    • @AlisonDiezani-s6p
      @AlisonDiezani-s6p 2 місяці тому +1

      Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.

    • @DrFab99
      @DrFab99 2 місяці тому +1

      Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.

    • @DrFab99
      @DrFab99 2 місяці тому +1

      He is really a good investment advisor. Was privileged to attend some of his seminars.that's how I started my own crypto investment

  • @malvavisco10
    @malvavisco10 2 місяці тому

    I’m a remote clerical employee represented by AFSCME. We have a set schedule per our contract, so no work outside of hours, we sign off immediately at the end of our shift. Pay isn’t great, but they are pushing for an increase this year with contract negotiations!

  • @TheSimArchitect
    @TheSimArchitect 2 місяці тому +2

    What will happen (if it didn't yet) is outsourcing to much cheaper third world countries with much more relaxed working laws and much lower wages. Yes, that will help a lot with inflation by not only reducing costs but also lowering the purchasing power of locals...
    Many white collar workers are being converted into blue collared ones, since you can't mop floors or fix plumbing remotely. Why would an employer want to pay 10x more just to have an American or European worker?

  • @Hotsauceonmy
    @Hotsauceonmy 2 місяці тому +8

    Recently learned my boss doesnt allow remote work cause he owns a real estate holding company

  • @kyasarin9644
    @kyasarin9644 2 місяці тому +102

    Only out of touch boomers dislike remote work.

    • @MzShonuff123
      @MzShonuff123 2 місяці тому +19

      And controlling people

    • @carolperdue7534
      @carolperdue7534 2 місяці тому +5

      Well I am a WFH boomer and I don't think there is any way I would go back to commuting again. My normal route to work is part of a three year construction project so just not having the hassle of dealing with that or finding a new route is a blessing.

    • @samgravity
      @samgravity 2 місяці тому +3

      I'm a millennial/Gen z cusper that prefers hybrid work! Like anything, generalizing broadly for the entire workforce can create problems for people with different needs. I empathize especially with people, like me, who signed an in-person contract pre-covid and didn't have the opportunity to renegotiate their position when everyone went WFH 100%.

    • @BrandonGraham
      @BrandonGraham 2 місяці тому +2

      I have met several new college grads who feel left behind at work because it is a lot harder to learn the expertise of their mentors. And I have met boomers who love working from home and don't open their laptop until 10 AM and basically don't work on Fridays. So like most things, there is more nuance than "if people don't take my side, they are out of touch."

    • @steverogers7601
      @steverogers7601 2 місяці тому

      @@BrandonGrahamnope.
      Sure, those folks you say exist but their numbers are negligible.
      You see a distinct larger group of folks wanting to WFH and older folks hating it. 🤷🏻‍♂️

  • @MzShonuff123
    @MzShonuff123 2 місяці тому +9

    I worked from home 2011-2019 and I miss it every day. The mental and physical impacts were so incredible and I worked well with teams because we were always in touch. I really miss it 😢

  • @6382steve
    @6382steve 2 місяці тому

    Remote work in itself is a pay increase. Commuting costs a lot, and there are other ancillary costs associated with having to be away from home every day that add up (eating out, dry cleaning, childcare, etc.) It would take a substantial pay increase to truly cover ALL my costs of commuting in to the office every day. More than my employer would ever agree to pay.

  • @everythingisfine9988
    @everythingisfine9988 2 місяці тому +1

    I have more time to socialize in sports. And that type of socialization is far better than BS office politics

  • @BassForever44
    @BassForever44 2 місяці тому +1

    With the ridiculous prices of London's public transportation, WFH is a blessing

    • @Money-Moves-Mastery
      @Money-Moves-Mastery 2 місяці тому

      This channel makes over $40k a month, and you can too, without showing your face.
      Will you like an indepth explanation?

  • @rubenmanzano7728
    @rubenmanzano7728 2 місяці тому

    Been working from home since I graduated from College, 2020 and love it!

  • @kairoswave
    @kairoswave 2 місяці тому +1

    been work from home since 2019, never looked back. you can keep your useless HR "team building" exercises, i do not care to hear what type of coffee Karen and Zack had on a monday morning.
    I am comfortable at home grinding out code making sure it works.

    • @Money-Moves-Mastery
      @Money-Moves-Mastery 2 місяці тому

      This channel makes over $40k a month, and you can too, without showing your face.
      Will you like an indepth explanation?

  • @sandeshvantveen
    @sandeshvantveen Місяць тому

    I’ve been working from home since the first day of the pandemic andI’d never want to back to working in an office.

  • @BrazilMentionedHueHue
    @BrazilMentionedHueHue 2 місяці тому +1

    Some feedbacks:
    You tried to use a "no silver bullet" approach (which is a good thing), but honestly the arguments were too weak because they are fixable and aren't orange to orange comparison, maybe it should focus on the (lack) of the social aspect of remote work that you tried to present, which in turn does affect the economy. Because of that I do have the feeling of these takes being a biased view favoring office work to maintain the status quo of big real state agencies and bad urban planning.
    So, remote work is bad because:
    1 There is too much bureaucracy to convert office space to housing space
    2 Managers don't want to increase salary of remote workers, because workers want to trade this off
    3 It is harder to unionize when remote
    4 Increases inequality to blue collar jobs
    5 Is a lonely experience
    The first three are fixable by simplifying the bureaucracy, and unionizing through remote something I don't think it is inherent to office work.
    The 4TH is something that:
    * 1 some jobs can't be done remotely, unless we build drones that can be operated from home, something I don't se coming in the next years;
    * 2 inequality (in all forms) is more related to the economic system that we live in than the model of work that we chose, this isn't something that should be in the discussion;
    * 3 as far as I know, the wage of blue collar workers is increasing due to the lack of workers, so sure, it would divide the remote/in office jobs, but I think eventually I think blue collars will earn more the white collar, sure the inequality would be still present, but it would switch from being a con of remote to a pro in office.
    The 5th one is the only one I think is one that can be compared to office work, since it really does affects the mental health of the worker and something that the office work is advantageous, and sure, you can reduce its effects by connecting to your community/family but it is something that is a challenge that doesn't exist on office.

    • @rakkis1576
      @rakkis1576 2 місяці тому +1

      I wouldn't say it doesn't exist in the office. Sometimes you just don't get along with your coworkers outside of the professional scope.

  • @joe_zupko
    @joe_zupko 2 місяці тому

    My biggest issue when I WFH is that it can be hard to get started on my work.
    Maybe it's because my brain is thinking "where does personal life end and work begin?" or maybe because there's no one else working around me (less social pressure)

  • @drunclecookie216
    @drunclecookie216 2 місяці тому

    Wife and I both work from home since 2020. We went from gassing up two cars once a week to gassing up one car about once a month. And yes I've turned down job offers for double my current pay because they don't offer work from home

  • @calvint3419
    @calvint3419 2 місяці тому +1

    There is also less liability for employers when employees work remotely. For example, if a ceiling fan dropped onto an employee while he/she is working at the office, the employee can sue the employeer. But not so, when the employee works from home.
    For remote employees, if tasks can be done remotely, it means there is high chance that partially of the role may be automated by AI.

    • @lyl3645
      @lyl3645 2 місяці тому

      AI may assist, but you still need people who understand the business to review/control the outputs.
      Also, have you heard of bots in factories? AI already and will continue to automate those blue collar jobs too.

  • @TheNoobTker
    @TheNoobTker 2 місяці тому +1

    Yea its just different and that comes with some good and bed. What we can say is its not going away at this point, its been 4 years and theres no sign of it going anywhere.

  • @Iffy50
    @Iffy50 2 місяці тому +1

    It will be interesting to see what companies thrive/survive in the next 10 years and how that relates to allowing employees to work from home.

  • @cyan2910
    @cyan2910 2 місяці тому

    Yes because it addresses the issue of a missing middle, and if thats fixed remote work would be incredible

  • @DiamondNet2009
    @DiamondNet2009 2 місяці тому +1

    Soooo good! Great clip. I simply love your channel. Will be sharing this. As a remote worker, one gets more things done without unnecessary meetings. Sometimes you can't do hybrid because everyone can be all over the globe. Thank you very much.

  • @keaten52
    @keaten52 Місяць тому

    The real reason works are mandating coming back into the office are tax incentives from the local government. All those business that rely on us coming into work are hurting

  • @buioso
    @buioso 2 місяці тому +1

    I changed my last job because it was 100% WFH and i needed some social contact.
    Now i'm required to work in office at least 2 days at week, but i can go to office even 5 days if i want. This is perfect for me

    • @lam7499
      @lam7499 2 місяці тому

      Why use your job to fill that social contact need instead of finding a hobby or group sport to join?

    • @buioso
      @buioso 2 місяці тому

      Uhm because job takes like 9 hour a day of my time maybe? I attend to social activities, but 45 hours of being alone per week is too much

    • @lam7499
      @lam7499 2 місяці тому

      ​@buioso interesting. When I'm work we have to focus on our tasks, so socializing is viewed as an unnecessary distraction to productivity.
      Sounds like you have a pretty nice, relaxed position if you can afford to socialize while getting paid.

  • @blessedwhitney
    @blessedwhitney 2 місяці тому

    WFH is healing our society to pre-industrial revolution where families actually got to see each other during the day. In a typical office job with a typical commute, you see your children through a rushed breakfast, a rushed dinner, and bedtime. With WFH we can have innovation and productivity, while not continually wrecking society -- which is what we are all working to maintain, ultimately.

  • @liquidsunnshine5245
    @liquidsunnshine5245 2 місяці тому +1

    Sitting on my couch watching this while working from home… I felt very called out right up front…

  • @Anton-V
    @Anton-V 2 місяці тому +1

    I've been working from home since 2015 and I love it

  • @DiegoIRS30
    @DiegoIRS30 2 місяці тому +1

    i cant see myself commuting every.day.to.work.again...

  • @leeman1525
    @leeman1525 2 місяці тому +4

    If employers want their workers in person they should have to deal with the cost of them getting there. Either paying for a transit pass or reimbursing them for some of the car uses. In the US currently it is only the employees that are dealing with these cost.

  • @ELBStr8Cash
    @ELBStr8Cash 2 місяці тому

    3:46 change the building regulations then. All the “bad news” mentioned in this video for remote working are minor issues that are completely fixable. Workers have their own financials to keep in tact just like the companies they work for. Remote work allows for efficiency and keeping a number of personal expenses lower than if they had to commute every day.

  • @snake1625b
    @snake1625b 2 місяці тому +8

    another thing to keep in mind is thats its now much easier for companies to outsource to developing countries. Psychologically because employees now know its the norm that working remotely means it doesn't matter where youre physically located ie: outsourcing is just remote but "remoter". And the fact that layoffs can happen and the visibility to the average employee is much less. I don't know or ever seen 80% of my coworkers so if they got outsourced, I'd never know, so theres less demoralization so its easier for my company to do.

    • @lyl3645
      @lyl3645 2 місяці тому

      Companies already offshored a lot since the past 10 years. Remaining US workers are required to be in the office, while attending “global” meetings via Zoom (even outside of US business hours).

    • @snake1625b
      @snake1625b 2 місяці тому

      @@lyl3645 they offshored a lot... And they'll do it relatively even more after the work from home revolution

  • @si5385
    @si5385 2 місяці тому

    I think hybrid work is a great compromise. They need to improve public transit as well.

  • @thatonellamawhoissoobsesse8138
    @thatonellamawhoissoobsesse8138 Місяць тому

    Ooof that bun and her blouse 🔥🔥🔥ANND y'all are giving us amazing economy tips!?!? Someone serve them a raise pleaaasee

  • @johnnybyup
    @johnnybyup 2 місяці тому

    As a Millennial, I have worked from home over the last 6yrs, 3 different companies. I will only work for a company that gives me a WFH option.

  • @Rungus27
    @Rungus27 Місяць тому

    What you said was a little misleading. Yes, the businesses near the offices are hurting but that foot traffic was moved to other places like more rural towns and now their economies are feeling the benefit.

  • @frankm.2238
    @frankm.2238 2 місяці тому +3

    Thank you for talking about how race is affected too. There have been so many events over the last 4 years that were much easier to process without having to be surrounded by the office talk or opinions of biased or bigoted people. WFH truly has made it so I can work with anyone, whatever belief system, because we focus on work only and theres no space for chit chat, office gossip, or politics. It's been incredible until now. Our agency has decided, without giving reason, to enforce RTO. So I'm dreading the inevitable.

  • @777Skeptic
    @777Skeptic 22 дні тому

    For future generations watching this, "IRL" stands for "In Real Life."

  • @chad9971
    @chad9971 2 місяці тому

    I’ve been 100% WFH 2+ years now. The loneliness aspect is true, but you can intentionally do things you like. So my GF has a rotating schedule so some days I have breakfast/lunch with her before she heads off to work. Or during my lunch break I’ll hang out with friends or go to the gym (and workout with friends). Loneliness is a thing but you have the option of not being lonely if you make connections around you.

    • @Money-Moves-Mastery
      @Money-Moves-Mastery 2 місяці тому

      This channel makes over $40k a month, and you can too, without showing your face.
      Will you like an indepth explanation?

  • @ChristianRRL
    @ChristianRRL 2 місяці тому

    Honestly I hate full WFH, but I would also hate having to go back to the office full time. I think the right balance is WFH somewhere around 2-3 days a week.

  • @WhereWeRoll
    @WhereWeRoll 2 місяці тому

    My biggest fear around remote work is that it will encourage more suburban sprawl because people not longer have to factor in commutes when choosing housing. The number of super commuters has skyrocketed lately and this has real social, environmental, and economic impacts.

    • @lyl3645
      @lyl3645 2 місяці тому

      Instead of living in cramped space with roommates, now people can live in their own more spacious homes. You should be happy for them!

  • @GizmoAndKiwi
    @GizmoAndKiwi 2 місяці тому

    I hate the stock photos that show (mostly) women working from home with children right next to them. Have you tried doing anything that takes longer than a couple of minutes or even a zoom call with a toddler right next to you? In my opinion the major upside is that you spend much less time commuting so you can get more work done in the time your child is elsewhere (or sleeping).

  • @DtWolfwood
    @DtWolfwood 2 місяці тому +6

    When companies realized they can just raise prices without consequence since almost every sector is monopol... conglomerated. Considering how our current inflation is mostly caused by corporate profiteering.

  • @caddie1a
    @caddie1a 2 місяці тому +2

    WFH doesn’t benefit executive leadership. Who are they gonna show off their big, luxurious office if people are working from home?

  • @khayon4364
    @khayon4364 2 місяці тому

    Short answer: yes, it is very good.
    Long answer: Yes, it is very good and major companies want to force RTO to control and micromanage employees.

  • @fabelix
    @fabelix 2 місяці тому +1

    More than five fords to support the channel!

  • @phooongtion
    @phooongtion 2 місяці тому +10

    If remote work wasn't a thing, I probably would've kept on being depressed.

  • @attn2020
    @attn2020 2 місяці тому +1

    I would prefer hybrid work culture and in a dynamic way

  • @jacobhajda6507
    @jacobhajda6507 2 місяці тому

    Listening to this video as I work my side hustle from home!

    • @Money-Moves-Mastery
      @Money-Moves-Mastery 2 місяці тому

      This channel makes over $40k a month, and you can too, without showing your face.
      Will you like an indepth explanation?

  • @equaloskat
    @equaloskat 2 місяці тому +1

    Been working remote for the last 2 yrs and going to continue to work remote but I wish I could do hybrid 😅

  • @robindiddams4663
    @robindiddams4663 2 місяці тому

    Maybe choosing to compromise on our lifestyles just to get more money is actually what’s wrong here. It’s not like we are forced to get jobs 1 hour away. Would it not be better to work within your community, seeing neighbors and friends daily, fostering a sense of community instead of holing up in our homes and only interacting with our own town when it has something we need.

  • @bunnybag
    @bunnybag 2 місяці тому

    I am lonelier as I'm working from office. I don't hate going to office and would gladly do it in my home town, but when you switch cities for a job, you have no one with you once the office ends.

  • @Mr1wd
    @Mr1wd 2 місяці тому +1

    Return to office just for the sake of return to office only shows companies are behind on progressive changes and stuck in the past.

  • @aishajalilansari
    @aishajalilansari 2 місяці тому +1

    Can you make a video of impact of recent boycotts over global economy?

  • @KunalWalkoli0
    @KunalWalkoli0 2 місяці тому

    So commercial real estate owners are losing because vacant properties and demand for housing is increasing, how about we change regulations to allow conversion of commercial to mixed use or to residential and that would be win win for everyone.

  • @SpringvisualTk
    @SpringvisualTk 2 місяці тому +1

    Strange you haven’t touched at all on US companies hiring from third-world instead of domestic employees/contractors, heck they even replace cashiers now

  • @Michalos86
    @Michalos86 2 місяці тому

    I bet that if you would only count IT, the numbers would be different.
    A lot of people there have ASD, so working for home often helps them adjust the environment better, making them more productive.
    It depends on the working conditions and difficulties a person has of course.

  • @lucasstuart-chilcote7069
    @lucasstuart-chilcote7069 2 місяці тому

    Public transport agencies are also struggling with decreased ridership.

    • @Money-Moves-Mastery
      @Money-Moves-Mastery 2 місяці тому

      This channel makes over $40k a month, and you can too, without showing your face.
      Will you like an indepth explanation?

  • @lewisguapo
    @lewisguapo 2 місяці тому

    Stop the cap that is not good for us... Companies just wanted people back because they were losing the appreciation value of their buildings...

  • @cameronf3343
    @cameronf3343 2 місяці тому

    My goal is to establish a digital marketing agency with environmentally sound principles for environmentally considerate companies. And it will be fully remote! Being able to save many thousands of revenue by not having office associated costs will make it much easier to pay my future workers greater salaries and reinvest more back into the business.

    • @Money-Moves-Mastery
      @Money-Moves-Mastery 2 місяці тому

      This channel makes over $40k a month, and you can too, without showing your face.
      Will you like an indepth explanation?

  • @MTBeers101
    @MTBeers101 2 місяці тому +1

    Curious if real estate increase is mostly in rurual areas typically not sought after. Now with remote, i can live like a king in remote Iowa while making Seattle wages!

  • @JosephReference
    @JosephReference 2 місяці тому +2

    i like my remote job.

  • @auntiefarmgirl3670
    @auntiefarmgirl3670 2 місяці тому

    While I return to the office I might be using the businesses around the office building more but at the expense of the smaller businesses around home.

  • @rudygarcia3451
    @rudygarcia3451 2 місяці тому

    Literally insane such an awesome channel full of great content is free to watch

  • @el_larva
    @el_larva 2 місяці тому

    So it is bad that office space will have to be converted into housing on a housing crisis?

    • @Money-Moves-Mastery
      @Money-Moves-Mastery 2 місяці тому

      This channel makes over $40k a month, and you can too, without showing your face.
      Will you like an indepth explanation?