New York City Is Losing Out On $12 Billion Annually Because Of Remote Work

New York City businesses are losing revenue with people working remotely. The workers coming into Manhattan are spending $12.4 billion less per year than they were before the pandemic, according to a Bloomberg report citing data from Stanford University economist Nicholas Bloom’s WFH Research team.

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Remote work is costing Manhattan $12.4 BILLION a year

Forbes on LinkedIn: New York City Is Losing Out On $12 Billion Annually Because Of Remote Work

Forbes on LinkedIn: New York City Is Losing Out On $12 Billion Annually Because Of Remote Work

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Remote work costs Manhattan $12.4 billion per year: report

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Remote work costs Manhattan $12.4 billion per year: report