Technology at Work v7.0
The consequences of the COVID-19 pandemic have been far reaching. The potential for remote work means that cash-strapped families are now able to escape the metropolis, where the cost of living crises has become particularly severe. But this trend might be short-lived. For one thing, if a job can be done remotely, it can also be offshored, meaning that regional convergence in advanced economies might be short lived. To what extent this will happen, remains an open empirical question. On the positive side, recent improvements in remote technology have made it much easier for scientists and innovators to collaborate at distance. Against this backdrop, we argue that a revival of breakthrough science seems likely and could reverse the productivity stagnation of recent decades.