While CEOs Blame Remote Work For Decreased Productivity, Here’s The Bigger Picture
Labor productivity is down, according to new May data from the United States Bureau of Labor Statistics. Labor productivity—or output per hour—decreased 2.7% in the first quarter of 2023 for the nonfarm business sector, the sharpest decline in 75 years.
While labor output fell, data analysis from Zippia found that 68% of American workers are disengaged. Gallup defines employee engagement as "the extent to which employees are involved in, enthusiastic about and committed to their work." In its State of the Global Workplace report, Gallup cited that low engagement costs the global economy $7.8 trillion— 11% of global GDP.
by Jack Kelly