Remote Work Is Hurting Productivity, New York-Area Firms Say
- Service sector firms saw a 30% negative effect, 20% positive
- Businesses see remote work moderating in a year from now
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More New York area service firms think remote work is hurting productivity than helping it, according to a survey released by the Federal Reserve Bank of New York.
Among firms from a wide range of industries outside of manufacturing, 30% reported a negative effect on productivity, while 20% indicated a positive effect. The remaining half noted little change, per the data released Tuesday.