The writer is CEO of Meredith Whitney Advisory Group
News that Wells Fargo fired employees for “simulation of keyboard activity” this year has struck a nerve among employers and employees. To bosses, it provided confirmation of long-held suspicions that those working from home were often less committed and less productive than those in the office. To workers, it confirmed long-held suspicions that their employers were using surveillance to monitor them.
In fact, I believe the news speaks to a more profound trend affecting the US labour force and consumer spending: the increase in professionals who are working multiple full-time jobs.
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