In August, remote or hybrid job posts attracted more than one-half of all applications in 157 of the largest metro areas, according to LinkedIn data analyzed by Bloomberg. All the while, the number of hybrid or remote job posts has declined since 2022.
So companies that allow remote work will have the pick of the best applicants, while those without will be left with anyone who can't get a remote job. This will make in-person companies less effective and productive, especially because studies are showing remote work is more productive.
But at least their commercial property values won't go down. So that's nice.