Nothing “toxic” about working from home

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Chanelling the property industry, David Penberthy is the latest commentator to slam working from home (WFH), claiming that it is having a “toxic impact”:

The figures in Victoria, the worst-hit and worst-managed state, remain extraordinary and the economic impact is terrifying. Melbourne City Council has commissioned research showing that while Melbourne normally has a daytime population of one million, there are now fewer than 400,000 people in the CBD on any given day.

Friends of mine who work in Melbourne’s Southbank say the normally bustling part of the Yarra, with its cafes and restaurants, has been a wasteland where, until recently, you could fire a cannon down the boardwalk without hitting anyone.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.