The economy has experienced major turbulence since the beginning of the pandemic. Today, inflation is at a more than 40 year‐high, supply chains are squeezed, and consumers are struggling to find the goods and services that they need. Meanwhile, employers are desperate to find workers.
Staffing shortages are the product of a variety of factors, but one issue that makes it harder for employers to find and retain employees is that workers’ preferences around work have changed. Specifically, one well‐known shift in the labor force is that many workers are eager to continue working remotely and flexibly, as they have over the past two years.