What if Mexicans Do Not Want to Go Back to the Office?By MBN Staff | Thu, 05/21/2020 - 12:37
While some people are eager to return to their office to regain contact with their colleagues and change their environment, many others are starting to see working from home as the new normal and already weigh the benefits that this lifestyle has.
Some of the benefits that people are noticing are mainly economic, as they no longer need to spend on street food, transportation or their everyday coffee. Their physical and mental health is also improving as they are no longer exposed to other diseases besides COVID-19, they avoid getting stressed about using public transport in large cities and instead they have more time to sleep, eat healthier, exercise and spend more time with loved ones.
A study by the Mexican Institute of Competitiveness (IMCO) at the end of last year revealed that on average Mexicans spend 432 hours a year in traffic. This implies an average annual cost of MX$94 billion (US$4.1 billion) for the country. Meanwhile, Mexicans spend 19 percent of their income on transportation, another IMCO study revealed. In Mexico City, almost half of the population uses public transportation and only 36 percent of federal funds are invested in this service. Eating out also involves a huge expense for Mexicans. According to a study carried out by the consulting firm Kantar Worldpanel México in 2019, 31 percent of Mexicans total spending on food was on fried foods in 2018.
Regarding productivity, a study from 2014 led by the Stanford professor Nicholas Bloom examined remote workers at a Chinese travel agency and found that they were 13 percent more efficient than their office-based peers. However, although Mexico tops the Organization for Economic Cooperation and Development (OECD) ranking of the countries that work the most hours, it is also the country with the worst labor productivity. According to the OECD study on the employment situation, the more people work, the more productivity decreases. In Luxembourg, for instance, the most productive country, they work only 1,512 hours a year.