This story neglects to mention one of the biggest factors likely driving productivity: remote work expands the labor pool available to employers, thus making it easier for employers to find the right match for the job at the right price.
Before the pandemic, employers were mainly limited to employing workers within approximately an hour commute. With this restriction loosened, they can now more easily found workers better suited (i.e more productive) for a role than the previously available local options.
Over time, this will work to increase aggregate wages, as productivity increases are the main driver of wages.
Before the pandemic, employers were mainly limited to employing workers within approximately an hour commute. With this restriction loosened, they can now more easily found workers better suited (i.e more productive) for a role than the previously available local options.
Over time, this will work to increase aggregate wages, as productivity increases are the main driver of wages.