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RE: LeoThread 2025-11-05 18-50

in LeoFinancelast month

Part 2/9:

Historically, technological innovations have shifted how we work, and the internet has been a prime catalyst in transforming the workplace landscape. As Schumpeter noted in his theory of creative destruction, technology often displaces existing businesses and practices to usher in new efficiencies. In this context, remote work—a natural progression of internet capabilities—has challenged the necessity of physical office spaces, commuting, and associated costs.

Yet, many economists are opposed to this shift, viewing it as disruptive rather than progressive. Their resistance stems from a desire to preserve existing economic structures, often leading to policies that are disconnected from the reality of modern work environments.

The Objection to Telecommuting: Taxation as a Penalty