Never miss a story

Get subscribed to our newsletter

People would need to set up space to work from home. Pixabay

The benefits of working from home — including skipping a long commute and having a better work-life balance — have been well documented, but employees are literally paying for the privilege, according to a study from the National Bureau of Economic Research.

“People will need to dedicate space to working from home,” said Christopher Stanton, a Marvin Bower Associate Professor at Harvard Business School who co-authored the study. “And, for many folks who are in smaller apartments and the like, before the pandemic, that wasn’t so realistic for long-term solutions, and so that means that you end up needing folks to upgrade to larger houses.”

Follow NewsGram on Facebook to stay updated.

The researchers analyzed data from the U.S. Census Bureau to reach their conclusions. They found that between 2013 and 2017, households with at least one teleworker spent on average more of their income on rent or a mortgage to pay for the extra room they need to work from home.

“A household that was spending about $1,000 a month on rent would be spending around $1,070 on rent. So, it’s about a 7% increase, on average, across the income distribution,” Stanton said.

Employees, on the other hand, can receive some assistance from their employers to pay some of the expenses. Pixabay

The researchers estimate that about 10% of people who worked in an office before the pandemic could permanently transition to working from home full time. A recent Upwork survey suggests that 36 million Americans will be working remotely by 2025 — an 87% increase over pre-pandemic levels and these workers could potentially take on the additional costs.

The added expense is easier for high-income households to bear but puts an increased burden on workers who earn less money.

“And so, for those households, you might have gotten an increase of 20-ish percent in housing expenses for households with remote workers compared to households with no remote workers,” Stanton said. “So that’s a pretty big chunk of expenditure for those households who were in the bottom half of the income distribution.”

Employees, however, might get a little help from their employers to cover some of those costs.

ALSO READ: What Effect Does Social Media Have on Our Lives?

“I would guess that firms are going to pick up part of this tab and will probably rebate some of their office space savings to workers to handle the increased housing expenses,” Stanton said.

Firms could be motivated by the recognition that having an adequate home office setup promotes higher productivity.

“I think having nonergonomic setups in small places will ultimately end up leading to fatigue and wear and tear and less productive employees in the long run,” Stanton said. “And so, I suspect that employers are going to want to make sure they have people with reasonably good work setups.” (VOA/KB)



Hackers have stolen crypto tokens worth $120 million from Blockchain-based decentralised finance (DeFi) platform BadgerDAO.

Hackers have stolen crypto tokens worth $120 million from Blockchain-based decentralised finance (DeFi) platform BadgerDAO. Several crypto wallets were drained before the platform could stop the cyber attack. In a tweet, Badger said it has received reports of unauthorised withdrawals of user funds. "As Badger engineers investigate this, all smart contracts have been paused to prevent further withdrawals. Our investigation is ongoing and we will release further information as soon as possible," the company said late on Thursday.

According to the blockchain security and data analytics Peckshield, the various tokens stolen in the attack are worth about $120 million, reports The Verge. According to reports, someone inserted a malicious script in the user interface (UI) of their website. Badger has retained data forensics experts Chainalysis to explore the full scale of the incident and authorities in both the US and Canada have been informed. "Badger is cooperating fully with external investigations as well as proceeding with its own," it said. DeFi is a collective term for financial products and services that are open, decentralised and accessible to anyone. DeFi products open up financial services to anyone with an internet connection and they are largely owned and maintained by their users. While the attack didn't reveal specific flaws within Blockchain tech itself, it managed to exploit the older "web 2.0" technology that most users need to use to perform transactions, according to reports. (IANS/ MBI)

Keep Reading Show less

Kishan said that the organisers have been asked to strictly follow all Covid-19 protocols.

A total of 120 top Bollywood and other celebrities are expected to attend the wedding of film stars Katrina Kaif and Vicky Kaushal which is scheduled on December 9 in Rajasthan, said Rajendra Kishan, the District Collector (DC) of Sawai Madhopur district of the state on Friday. The District Collector told mediapersons: "These 120 guests shall follow all COVID-19 protocols and fully vaccinated guests will get entry in the much-hyped celebrity wedding."

Kishan said that the organisers have been asked to strictly follow all Covid-19 protocols. Also, those who are not vaccinated, will not be allowed without the negative RT-PCR test report, he added. "We have been informed by organisers that a total of 120 guests are invited to the wedding and the events will take place between December 7 to December 10," he added.

Earlier at 10.30 a.m., Kishan called a meeting which was attended by administrative, police and forest department officials, hotel and event managers to ensure adequate arrangements for crowd control, smooth regulation of traffic, and law and order situation amid the VIP movement. The wedding venue Fort Barwara, that has been converted into a heritage hotel, is situated in the panchayat samiti Chauth Ka Barwara. The venue is around 22 km away from Sawai Madhopur and is around 174 km from Jaipur. Sawai Madhopur district is famous for the Ranthambore National Tiger Reserve and as per reports, the guests are likely to be taken for a tiger safari. (IANS/ MBI)

Keep Reading Show less

The National Centre for Biological Sciences (NCBS) is continuously monitoring the situation in four cities - Bengaluru, Hyderabad, New Delhi, and Pune.

The National Centre for Biological Sciences (NCBS), which confirmed the first two cases of the Omicron variant in Bengaluru on Thursday, is continuously monitoring the situation in four cities - Bengaluru, Hyderabad, New Delhi, and Pune. The NCBS is a part of a consortium of national laboratories performing genomic surveillance across four city clusters. The consortium was established four months ago with support from The Rockefeller Foundation's Pandemic Prevention Institute, and is led by the Centre for Cellular and Molecular Biology (CCMB) in Hyderabad.

Dr Rakesh Mishra at the CCMB said on Friday that the consortium is continuously monitoring the situation in all the four cities and has upscaled its efforts to sequence as many samples as possible Apart from the CCMB and the NCBS, the consortium includes CSIR-Institute of Genomics and Integrative Biology - IGIB in New Delhi and the Pune Knowledge Cluster, Indian Institute of Science Education and Research (IISER), Pune, and CSIR-National Chemical Laboratory in Pune.

covid virus The first case of the Omicron variant was detected in South Africa and reported to the World Health Organization on November 24. | Unsplash

Keep reading... Show less