The productivity of U.S. workers has grown at its fastest pace since Q3 of 2020, with a 5.2% increase in Q3 of this year, according to the Bureau of Labor Statistics. This marks the first consecutive quarters of productivity growth in almost three years. Some CEOs have blamed remote work for declining productivity, but data shows that office attendance has not impacted productivity levels. Instead, factors such as lower turnover, flexible work arrangements, cost management, and careful investments have contributed to the recent productivity surge. The debate over remote work’s impact on productivity remains ongoing, with arguments on both sides. However, a move towards greater in-person attendance may not necessarily improve productivity.
https://fortune.com/2023/12/09/what-is-fueling-productivity-boom-four-reasons/