Remote Work: An Unexpected Power Shift in the Job Market
By In February 2022, remote job postings made up around 20% of all job postings on LinkedIn, with a projected increase to 25% by the end of the year.[0] However, by the end of November, the number had dropped to 14%. The decline in remote job postings is a shift in the power dynamic between employers and employees.[1]
Data from WFH Research shows that the number of people working from home in America is steadily rising.[2] In January, nearly 30% of all work was done at home, six times the rate in 2019.[2] In large urban centers, this figure is even higher, approaching 50%.[2] As a result, many office spaces in these cities are now empty.[2]
Barbara Larson, executive professor of management at Northeastern University’s D’Amore-McKim School of Business, commented, “There’s sufficient and growing evidence that people do work well when they’re working from home. It’s not like everybody was working hard when they were in the office.”[3]
Moreover, one in three overemployed remote workers reported they currently held two or more full-time jobs, with the majority earning six figures.[4] However, this is not because the proportion of those working two or more full-time jobs increased. It is simply because many more people are now working remotely.[5]
It is clear that remote work is proving to be successful among many workers. Thus, it is likely that the number of people working remotely will continue to rise in the future.
0. “More Americans are now working fully remote than 3 months ago, despite fewer WFH job openings” CNBC, 13 Feb. 2023, https://www.cnbc.com/2023/02/13/remote-work-ticked-up-in-january-and-could-signal-the-future-of-wfh.html
1. “Remote opportunities shrink in jobs market – The Ticker” The Ticker, 13 Feb. 2023, https://theticker.org/10008/business/remote-opportunities-shrink-in-jobs-market/
2. “Work from home isn't going anywhere: Numbers remain high despite efforts from some to curb it” FingerLakes1.com, 21 Feb. 2023, https://www.fingerlakes1.com/2023/02/20/work-from-home-isnt-going-anywhere-numbers-remain-high-despite-efforts-from-some-to-curb-it
3. “Nearly 30 percent of work remains remote as workers dig in” The Hill, 20 Feb. 2023, https://thehill.com/policy/3862069-nearly-30-percent-of-work-remains-remote-as-workers-dig-in
4. “ResumeBuilder survey: Eight in 10 remote workers are ‘overemployed' – South Florida Business Journal” South Florida Business Journal, 10 Feb. 2023, https://www.bizjournals.com/southflorida/news/2023/02/10/eight-in-10-remote-workers-overemployed.html
5. “How Many Remote Employees Work Two Full-Time Jobs?” Forbes, 15 Feb. 2023, https://www.forbes.com/sites/glebtsipursky/2023/02/15/how-many-remote-employees-work-two-full-time-jobs/
