On November 10, 2020, Deutsche Bank (DB) released a report, Konzept #19: What we must do to rebuild. Per DB, the report presents “ideas for how economies, businesses, and societies should rebuild from the pandemic. From changing the way we stimulate labour markets, to implementing digital currencies, and even taxing those who work from home, this Konzept is designed to spark the most important of debates. Some of our ideas may seem radical, but we hope they will inspire decision makers as we rebuild from this bracing and tragic period.” Topics include climate change, connectivity, fate of shopping malls, and more.
DB also notes the savings WFH employees gain such as commuting costs and costs to acquire and maintain clothing. They also save the time for commuting.
But what about counterarguments including the provision of positive externalities, such as:
- WFH employees might still go out to lunch and support the local economy.
- WFH employees may still need to use child care services in their community.
- Traffic in many cities, such as Los Angeles and San Jose, partly exists because there is insufficient infrastructure. So, aren’t WFH employees savings dollars by reducing the need for more highways and maintenance of roads?
- WFH employees are driving less so contributing less to greenhouse gas emissions that create climate change.
- WFH employees might find it easier to contribute time to local community needs such as helping at the public school and cleaning parks.
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