Another 48,000 Americans Will Work From Home, Which May Not Be Good

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Another 48,000 Americans Will Work From Home, Which May Not Be Good

© RgStudio / Getty Images

Facebook Inc. (NASDAQ: FB) has announced that almost all of its 48,000 employees will work from home until July 2021, almost a year from now. The decision adds to an army of at-home workers who have, in many cases, not benefited from the situation. (A much smaller benefit is that Facebook workers will get up to $1,000 to improve their home offices.) For those who have to take care of children who will not be in school and aged relatives, the decision presents problems.

Facebook can implement the policy because most of its workers are not employed on the “front line” of America’s workforce. They are not public service employees. Add to those more people who work at construction sites or in the country’s faltering retail sector. They cannot work from home and make money. Facebook workers will receive some protection from exposure to COVID-19. That is the primary reason for the new rule.

A drawback of work-from-home plans is the problem of isolation, which has troubled many of these workers. It has become a widespread problem, as many Americans become shut-ins. In some parts of the country, they cannot eat out or go to sports events or movies. They cannot see family or friends. Their interaction with other people has been almost completely eroded.

One of the better-known troubles that those who work from home face is children who will not go to school for several months or more. These children are part of distance learning programs. That means they are marooned at home with their parents. These parents end up taking on more childcare duties, some of which can take up hours a day.
[nativounit]

People who are sick or elderly also need regular care. Many of them cannot be put into eldercare facilities, where many people have died. Some need round the clock attention. Many who work from home end up with more time devoted to helping myriad family members.

Facebook and many other companies have set plans to keep their workers safe. These companies could not accommodate most of their workers anyway. Social distancing can turn a room that once held 100 people into one that can only house 20 or 30.

Facebook employees will work from home for at least another year. However, they may not want to.
[recirclink id=727322]
[wallst_email_signup]

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618