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Productivity Trade-offs: Fully Remote Work
The drop in productivity for fully remote workers can reach up to a negative 10%, according to Emma Harrington and Natalia Manuel. However, going fully remote enables firms to offset this loss by saving on floor space costs, office expenses, and operational costs. For example, shutting down call centers can lead to significant cost savings for employers, outweighing the productivity costs. While this approach may benefit some occupations, it may not be suitable for knowledge workers who heavily rely on interactions that could be hindered in a fully remote setup.