Remote workers cluster around major cities, defying decentralization promise
Source: Fortune
A Wharton study of 760 employees finds that remote work hasn't distributed talent geographically as promised. Workers are concentrating in expensive metro areas like San Francisco, New York, and Boston, where they can access social networks and career opportunities despite working from home. This contradicts the narrative that remote work would ease housing affordability and regional inequality. It also raises questions about whether companies offering remote work capture cost savings or simply allow their highest-paid workers to live where they want.