Soaring inflation kills workers’ return to office

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Arguably the biggest benefit of the working from home (WFH) phenomenon is that it eliminates the need for time consuming and costly commutes.

It is, therefore, no surprise that the soaring cost of petrol and other goods and services is scuttling companies’ plans to have their workers return to the office. And the story is similar all over the world.

For example, The New York Times reported the below yesterday:

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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.