Is Remote Work Contributing to Higher Inflation?
A lot of different factors have contributed to sky-high inflation this year. Surging gas prices, lots of stimulus over the last two years, and pent-up demand as a result of the pandemic are just a few of the big ones to call out. Inflation has led to rising bond yields and forced the Federal Reserve to aggressively raise interest rates, both of which have rocked the market this year.
But now, a lesser-known culprit behind inflation has emerged: remote work. That's right, all of the people now choosing to work from the confines of their homes could actually be driving prices higher, at least according to BlackRock CEO Larry Fink. Could Fink be right? Let's take a look.
If you work at a desk or spend the bulk of your job on your computer, then there is a good chance that you started working at home during the pandemic, a trend that likely has spilled over to the present.
Source Fool.com
