14 million to 23 million Americans are planning to relocate to new U.S. cities or region. Due to the growing acceptance of remote work, according to Upwork’s survey. This survey had 20,490 Americans over the age of 18 was on Oct. 1 to Oct. 15 2020
This migration also will lead to an equal distribution of income to smaller cities. Where people are no longer centralized in big metro cities to work. They will live in smaller cities and will spend their monthly income there.
The vast migration driven by the pandemic comes after many companies such as Facebook announced plans to permanently shift jobs to remote work. Even, Facebook hired a director of remote work in September to help in the transition.
Companies of all sizes are following this path including small businesses. According to a recent survey from Intermedia. There are 57% of small and medium-size businesses plan to offer remote work to employees for the long term. What’s more, SMB owners have observed that employee availability has increased by 19% by shifting to remote work. Companies also learned there are advantages of having remote work policies during the pandemic. The advantages are lower operating costs, increased employee availability and job satisfaction.
“It’s changing the future of the workforce,” says Adam Ozimek, Upwork’s chief economist. “Remote work is the fastest gamechanger for the U.S. economy since World War II when almost overnight there was a mobilization of production to provide arms for war.”
Opportunity To Relocate
Many people see remote work as an opportunity to relocate to where they want, and where they can afford to live. This is an early indicator of the much larger impacts that remote work could have in increasing economic efficiency and spreading opportunity.
According to the study, 20.6% of residents of major cities are planning to move beyond normal commuting distances. Also the majority or 54.7%, want to relocate over two hours away or more from their current location. This indicating the workers expect remote work to be a permanent option for them in the long term.
Remote Work Benefit
From the employer’s side, there are key long-term benefits too in remote working . In the remote world organizations can find talented workers wherever they live. This opens up opportunity for companies to build a well-skilled workforce. This trend is called liquid workforce. With the rise in talent-matching platforms, it’s become simpler to find the right on-demand workers. There are now platforms to hire software developers, business consultants, content writers, marketers, designers, accountants, lawyers and even salespeople.To find the right freelancers with the specialized skills company can use a platform like Fiverr, Upwork, and Flexgigzz.
Source : https://www.cnbc.com/
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