Elon Musk, Vivek Ramaswamy call remote work a 'Covid-era privilege.' Economists say it's here to stay
Elon Musk, Vivek Ramaswamy call remote work a 'Covid-era privilege.' Economists say it's here to stay
www.cnbc.com Elon Musk, Vivek Ramaswamy call remote work a 'Covid-era privilege.' Economists say it's here to stay
Economists say the work-from-home trend, which was widespread during the pandemic, won't diminish to its pre-Covid level because it's profitable for employers.
KEY POINTS
- Elon Musk and Vivek Ramaswamy, whom President-elect Donald Trump appointed to lead a new government efficiency team, said they intend to call federal employees back to the office five days a week.
- Companies such as Amazon and The Washington Post are adopting a similar policy in 2025.
- But many companies will keep remote or hybrid work arrangements, largely because they boost profits, economists said.
- Some view return-to-office mandates as a stealthy way to reduce employee head count.
