Haldane explores long-term consequences of home working
Welfare impact seems broadly positive, but it is uneven and may not last, says BoE chief economist
The sudden shift to home working seems to have made workers happier on average, but the effects are uneven and may not last, Andy Haldane warned on October 26.
In a speech exploring the impact of the sudden shift to working from “kitchens, bedrooms and attics”, the Bank of England chief economist said home working had cut people’s commutes to zero and given many a sense of empowerment. Most people report that they prefer working from home.
But the benefits were “clearly not evenly spread”
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