Remote work may be here to stay (#125)

Financial Advisors Say The Darndest Things

Episode Summary: In this episode, AB Ridgeway explores the phenomenon of remote work and its impact on individuals, businesses, and society at large. Reflecting on the shift towards remote work accelerated by the COVID-19 pandemic, Ridgeway considers the benefits and challenges of working remotely, emphasizing the need for discernment and planning in navigating career choices amidst evolving work trends.

Key Takeaways:

1. Remote Work Revolution: Ridgeway discusses the remote work revolution, highlighting its gradual evolution over the years and its recent surge due to pandemic-related mandates. Drawing from research by labor economists, he underscores the transformative potential of remote work in enhancing productivity and employee satisfaction, while acknowledging the complexities inherent in adapting to this new paradigm.
2. Productivity and Flexibility: Delving into the benefits of remote work, Ridgeway explores its impact on productivity and work-life balance. Citing statistics on time saved from commuting and increased working hours, he emphasizes the value of flexibility and autonomy afforded by remote work arrangements, enabling individuals to allocate time more efficiently and achieve greater productivity in their professional endeavors.
3. Social and Economic Implications: Assessing the social and economic implications of remote work, Ridgeway examines its differential impact across industries and demographic groups. While acknowledging the accessibility of remote work for certain professions, he highlights disparities in opportunities based on educational attainment and socioeconomic status, urging listeners to consider the broader implications of remote work on employment dynamics and economic equity.
4. Empowerment and Preparedness: Emphasizing the importance of empowerment and preparedness in navigating career transitions, Ridgeway urges listeners to cultivate resilience and adaptability in the face of uncertainty. By committing their work to the Lord and aligning their plans with divine guidance, individuals are encouraged to pursue opportunities for advancement and fulfillment, while remaining steadfast in their faith and stewardship of God-given talents.

Quotes:

1. "The pandemic has started a revolution in how we work, and our research shows working from home can make firms more productive and employees happier."
2. "Success is what we make it."
3. "At all times, you want to be in control of your destiny."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Link to full article:

(https://www.cnbc.com/2022/12/01/why-labor-economists-say-the-remote-work-revolution-is-here-to-stay.html