During the pandemic, the remote-work model evolved from the work-life choice of a few to a health directive for many, and the ranks of digital nomads swelled, aided by technology. Employees now appreciate the savings in commuting expenses and time, forcing employers to adapt. But workers are finding that remote work brings its own costs.
The pandemic-era work-from-home trend is helping cap inflation by reducing the so-called wage-price spiral effect, according to a recent economic paper.
A new study finds American companies are using remote work as a way to avoid giving workers raises; so much so that it's helping to moderate inflation.