Also known as "working from home" (WFH), remote work is an arrangement where an employee does not work from a central office with their coworkers, but teleworks instead. Roughly 22% of US workers work remotely at least some of the time.
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With more than 1.3 million remote workers, the New York City metropolitan area had more remote workers than any of the top 30 metro areas in the US at the time. However, the Austin, Texas, metro area had the largest share of remote workers, with more than 23% of the city's workforce working remotely.
His name was Jack Nilles, and he wrote a book that is considered the "founding document of telecommuting" in 1973 called "The Telecommunications-Transportation Tradeoff," coining the terms "telecommuting and telework." Nilles argued that telecommuting could serve as an "alternative to transportation," helping cut down on gridlocked traffic and reduce society's reliance on nonrenewable resources like oil. (Some users may experience a paywall.)
Prisoners in Maine can now use their laptops in their cells—not only for academic classes and homework, but also to work remotely for employers outside of the prison. One person in prison working as a software engineer was paid at least a six-figure salary.
As the internet and email became more popular in the 1990s, more infrastructure that would eventually support remote work was created. But the practice was still relatively uncommon until the COVID-19 pandemic, when white-collar workers first took to working from home en masse.
Steve Wozniak's Apple I and Apple II computers launched the personal computer industry, influencing the future of consumer electronics. He was also awarded the National Medal of Technology and the Heinz Award in Technology, the Economy, and Employment because of his invention.
As both rent prices and mortgage rates rise across the US, many companies have simultaneously continued operating hybrid or remote workforces post-pandemic. A podcast episode dives into why city dwellers aren't all living in their prepandemic break rooms just yet.
While proponents argue that it's cheaper for both employers and employees to work from home (rather than spending money commuting to an office with an expensive lease), others point out that working remotely can make some workers feel isolated. These are just a few of the many common critiques and perks mentioned in the remote work debate.
Every year, it seems like some study is claiming that remote work is over, and that employers are forcing workers to return to office en masse. This chart shows a much more nuanced picture of how remote work has fluctuated before, during, and after the 2020 COVID-19 pandemic—remote, hybrid, and in-person work levels have remained relatively stable since 2023.
Contrary to popular belief, the younger generation is more likely than their older peers to want employees in the office more often. Millennials seem to have the strongest personal attachment to remote work among the generations, with 41% of remote-capable millennials saying they would be "extremely likely" to look for another job if remote options were partly or entirely eliminated at their workplace.
Digital nomads are people who often work remotely without a specific home base, traveling from country to country or city to city, often without returning to a home address in-between.
The United States is home to more than 33 million businesses, the vast majority of which are small businesses, with millions being created (and others closing shop) every year. These businesses often rely on loans, provide the goods and services that keep the economy flowing, and sometimes even grow large enough to enter public markets or provide private investment opportunities. Explore key topics central to business and finance, from the role of the Federal Reserve to how initial public offerings work, how millions of American students finance higher education, and more.