Working From Home Stocks
Remote working is no longer a privilege held by a small, highly educated minority in the world economy, but has spread over the past few months to become the new normal for most businesses. The lockdowns, quarantines, and self-isolations due to the COVID-19 pandemic resulted in a historic shift in the job market and working from home now seems to extend beyond the coronavirus crisis.more than 20 percent of the workforce could work remotely three to five days a week and be as productive as they would be from an office. The research also underlines that if remote working took off, three to four times as many people working from home than before the pandemic would result in a chain reaction affecting other sectors of the economy like urban markets, transportation, and consumer spending. Illustrating this shift is enterprise spending on cloud services, which has climbed to $129 billion in the past ten years.