: HOW REMOTE WORK COULD SAVE THE ECONOMY
Economic Strategist // the CEO of Wentworth, a wealth management firm RYAN MORFIN:

For starters, remote work has already helped prevent layoffs for 66% of companies in one study. Six months into the coronavirus pandemic and the U.S. economy is still gripped by the outbreak. Any semblance of recovery has been painfully slow, and there are some indications it could worsen before it gets better. With so much pressure to survive, businesses are searching for ways to adapt to the new normal. But there’s one key change many companies could make that might just get the economy back on track (and perhaps stronger than ever): having a permanent remote workforce. Until there is a widely distributed vaccine, most people won’t be returning to the office. But, should they even when things get back to normal? I believe companies that can work remotely should do so permanently. Not only does a remote setup ensure workers’ health and safety, but it also is good for business. At Hubstaff, we recently surveyed 400 business owners and managers to determine what insights they gained from the pandemic. The data showed that remote work helped prevent layoffs for 66% of companies, and 44.25% of companies expect remote work to increase profits. That means the more companies that can work remotely, the better off our economy will be as a whole. But, why is remote work the key? For several reasons.