Urban Labor Markets and Remote Work: Exploring How the Rise of Remote Work Is Reshaping Urban Labour Markets, Commuting Patterns, And Residential Preferences .

Abstract

The labour market is a global marketplace that helps employers hire employees from current job seekers. The people searching for jobs and the employers searching for skilled labourers create a demand level in the global job market. Employees also significantly impact the global labour market. The rise of the COVID-19 pandemic created a significant supply in the global lockdown in the marketplace, and the employees found no way to close their office premises for an unprecedented time. Most organisations have introduced remote working strategies that significantly impact the labour market to reduce financial loss. Among the three important areas, the most significant implications of remote work bore upon the direction of growth in the labour market. Along with these, the two areas of residential preferences and commuting to workplaces faced important transformations. Commuting to the office has gradually changed to almost zero, creating opportunities for employees to enhance their job flexibility. The rise in the development of new residential areas in comparatively remote places compared to core urban areas is found. People started focusing on implementing new residences rather than staying with others.