Remote work refers to a working arrangement in which employees perform their job duties from a location outside of a traditional office environment. This can include working from home, coffee shops, co-working spaces, or any location with internet access. The arrangement is facilitated by technology that allows for communication, collaboration, and productivity without the need for physical presence in an office. Remote work can be full-time, part-time, or on a project basis, and has become increasingly popular due to advancements in technology, changing workforce expectations, and the desire for greater work-life balance. It enables flexibility in work hours and locations, potentially reducing commuting time and allowing for a more adaptable work environment.
A recent report warns that Boston could suffer a significant loss in its tax base due to the growing popularity of remote work and high interest rates. This combination has…
Due to the increasing trend of remote work and the challenges faced by the commercial real estate sector, there are concerns about the potential default wave that could affect banks.…