The shift to remote work in Manhattan means the island's office workers are spending about $12 billion less every year than they did before the pandemic, according to a new study.
The shift to remote work in Manhattan means the island's office workers are spending about $12 billion less every year than they did before the pandemic,Workers are spending about 30% less time in the office, which has cut their annual near-the-office spending on food, entertainment and the like by an average of
nearly $4,700 per person,While the same is happening is other big cities, the cost on a per-person basis is more than 50% worse in NYC than anywhere else,The study tracks with other data sets that suggest, nearly three years after New York City's first COVID case, people simply have not returned to full-time in-office work.
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