Plain English with Derek Thompson Is Hybrid Work Doomed?
Oct 14, 2022
Nicholas Bloom, a Stanford professor and remote work expert, dives into the hybrid work model's effects on lifestyle and urban living. He reveals that hybrid setups aren't as doomed as some fear, but they foster a shift toward suburbia, known as the 'donut effect.' Bloom discusses surprising survey findings, including younger workers' preference for hybrid over fully remote options, emphasizing the need for in-person interactions. He also explores innovative technologies shaping the future of remote work and addresses urban economic shifts stemming from these changes.
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Hybrid vs. Fully Remote
- Hybrid work schedules benefit both employees and managers, boosting happiness and productivity.
- Fully remote work, however, presents a trade-off between cost savings and mentorship/creativity challenges.
The Swirl Problem
- Remote work expands the labor market, potentially improving worker-manager fit.
- A "swirl problem" may arise in hybrid models, as some workers prefer fully remote or in-office work.
Presenteeism Bias
- Inconsistent hybrid models lead to cliques and presenteeism bias, hindering promotions for remote workers.
- A study showed promotion rates dropped by half for those working from home four days a week.