Remote Work Seen More Persistent Than Planners Expect (Correct)

The pandemic-era shift to remote work will likely be more persistent than anticipated, hitting the finances of U.S. cities that are banking on commuters to get back to the office post-pandemic.

Two recent studies point to the long-lasting impact of work from home.

About 75% of the increase in telework over the course of the Covid-19 crisis will likely stick, according to a paper from researchers at Arizona State University, Virginia Commonwealth University and the Dallas Federal Reserve.

Twice as many workers will be 100% remote as before the pandemic, and one in every five workdays will be from home, ...