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Out of the Office, Into a Financial Crisis?

Author

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  • Timothy Sablik

Abstract

For decades, the office has offered an alternative to the manual labor that defined work for most of human history. But it came with its own set of headaches for workers. Those headaches have provided fuel for movies like Office Space and The Devil Wears Prada and TV shows like Severance and The Office. The COVID-19 pandemic gave many Americans the chance to live out their dreams of escaping their commutes and the annoyances of the modern workplace. In the initial months of the pandemic in 2020, most offices shut down. More than 60 percent of all paid full days were worked from home.

Suggested Citation

  • Timothy Sablik, 2023. "Out of the Office, Into a Financial Crisis?," Econ Focus, Federal Reserve Bank of Richmond, vol. 23(2Q), pages 4-7.
    • Handle: RePEc:fip:fedrrf:96246
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