Mobility – enabling workers to relocate after the pandemic.

Mobility ‚’ The major change in working practices as a result of the COVID-19 crisis has been ‚’Working From Home‚’. Millions of people have been forced out of their offices and confined to their homes, adapting to online working without the constraints and advantages of communal offices. Many have decided to change their work/home balance and this has been echoed by employers who have learned that they can reduce their office costs considerably by requiring some workers to come in perhaps half the week and others to work always from home (post COVID). Others wish to relocate, leaving the daily commute behind them, but run up against the dysfunctional housing market, where a price bubble is currently being inflated. Labour mobility is hamstrung. Prices climb, beyond the reach of those who do not own their own homes, mostly the younger workers. People are locked into place and an innovative economy becomes more difficult to achieve. Therefore, measures need to be adopted to remove the problems of the housing market over the long-term. It will take many years to Ddo this, but if we make a start now, we will reap the benefits, not only in labour mobility, but in other areas of public policy such as pensions (see Second Challenge)

 

 

1064-1

%d bloggers like this: