Skip to content

Commit

Permalink
Merge pull request #497 from GregCTWang/patch-12
Browse files Browse the repository at this point in the history
Update 06-01-workplace.md
  • Loading branch information
GlenWeyl authored Mar 10, 2024
2 parents 698bd62 + 2e4e358 commit 2233e48
Showing 1 changed file with 5 additions and 4 deletions.
9 changes: 5 additions & 4 deletions contents/english/06-01-workplace.md
Original file line number Diff line number Diff line change
Expand Up @@ -81,10 +81,11 @@ Putting these together, we can imagine a future where remote teams can form the


[^Calc]: If, as noted in the chapter, about 50% of formal sector work will be remote and, as in this study, if team-building exercises increase team performance by about 25% (Klein et al., “Does Team Building Work?”[^team]), if this applies to about half of formal sector work and if about half the benefit goes into cost, we should expect a gain of about 2% of GDP from improved remote team-building. If agglomeration benefits are about 12% for work facilities (Greenstone, Hornbeck, and Moretti, “Identifying Agglomeration Spillovers: Evidence from Winners and Losers of Large Plant Openings.”[^agglomeration]) and this applies again to half of formal sector work and can be improved by 50%, again we get 2% of GDP. If meetings are 25% of formal sector work time and can be improved by 25%, this is about 4% of GDP. Standard economic estimates of the costs of labor search and matching are about 4% of GPD, similar to the cost spent on human resources; if mitigated by 50% this would raise GDP by 2% (not to mention significantly dampen the cost of business cycle unemployment). Finally, most GDP growth (of roughly 2-3% annually globally) has been traced by economists to technological advance through the research and development of new products, which is now about 80% in the private sector according to the figures we discussed in the introduction. If the efficiency of this could be increased by a quarter through more flexible intrapreneurship, this could raise global GDP growth annually by half a percent.
[^team]: Klein, Cameron, Deborah DiazGranados, Eduardo Salas, Huy Le, C. Shawn Burke, Rebecca Lyons, and Gerald F. Goodwin. “Does Team Building Work?” Small Group Research 40, no. 2 (January 16, 2009): 181–222.
[^agglomeration]:Greenstone, Michael, Richard Hornbeck, and Enrico Moretti. “Identifying Agglomeration Spillovers: Evidence from Winners and Losers of Large Plant Openings.” Journal of Political Economy 118, no. 3 (June 2010): 536–98.
[^Coinbase]: Coinbase reference.
[^Barreto]: Barreto Bloom and Davis paper
[^team]: Klein, Cameron, Deborah DiazGranados, Eduardo Salas, Huy Le, C. Shawn Burke, Rebecca Lyons, and Gerald F. Goodwin. “Does Team Building Work?” Small Group Research 40, no. 2 (January 16, 2009): 181–222. https://doi.org/10.1177/1046496408328821.
[^agglomeration]:Greenstone, Michael, Richard Hornbeck, and Enrico Moretti. “Identifying Agglomeration Spillovers: Evidence from Winners and Losers of Large Plant Openings.” Journal of Political Economy 118, no. 3 (June 2010): 536–98. https://doi.org/10.1086/653714.“Identifying Agglomeration Spillovers: Evidence from Winners and Losers of Large Plant Openings.” Journal of Political Economy 118, no. 3 (June 2010): 536–98.
[^Coinbase]: Huet, Ellen. “Basecamp Follows Coinbase In Banning Politics Talk at Work.” Bloomberg.com, April 26, 2021. https://www.bloomberg.com/news/articles/2021-04-26/basecamp-follows-coinbase-in-banning-politics-talk-at-work.
Huet, Ellen. “Basecamp Follows Coinbase In Banning Politics Talk at Work.” Bloomberg.com, April 26, 2021. https://www.bloomberg.com/news/articles/2021-04-26/basecamp-follows-coinbase-in-banning-politics-talk-at-work.
[^Barreto]: Barrero, Jose Maria, Nicholas Bloom, and Steven J. Davis. 2023. “The Evolution of Working from Home.” Working Paper No. 23-19, Stanford Institute for Economic Policy Research (SIEPR), Stanford, CA. https://siepr.stanford.edu/publications/working-paper/evolution-working-home.
[^reduce-productivity]: Emanuel, Natalia, Emma Harrington, and Amanda Pallais. “The Power of Proximity to Coworkers: Training for Tomorrow or Productivity Today?,” November 2023. https://doi.org/10.3386/w31880.
[^Meetings]: Gibbs, Michael, Friederike Mengel, and Christoph Siemroth. “Work from Home and Productivity: Evidence from Personnel and Analytics Data on Information Technology Professionals.” Journal of Political Economy Microeconomics 1, no. 1 (February 1, 2023): 7–41. https://doi.org/10.1086/721803.
[^remote-shift-impact]: Yang, Longqi, David Holtz, Sonia Jaffe, Siddharth Suri, Shilpi Sinha, Jeffrey Weston, Connor Joyce, et al. “The Effects of Remote Work on Collaboration among Information Workers.” Nature Human Behaviour 6, no. 1 (September 9, 2021): 43–54. https://doi.org/10.1038/s41562-021-01196-4.
Expand Down

0 comments on commit 2233e48

Please sign in to comment.