This cannot be sufficiently overstated.
This cannot be sufficiently overstated.
So just because companies are making more money, doesn't mean productivity hasn't gone down. It could be that it's just lost in the noise at the moment and won't show up in the data for a few years.
For example, it seems evident to me that there's going to be a lot less "cross pollination" (for lack of a better metaphor) between people in a WFH environment as opposed to an office. For those with plenty of experience, this will have a fairly minimal impact, but for anyone else I'm concerned about missing out on the little things that are seamlessly transferred in face-to-face interactions over time. That thing that takes you 30 minutes that can be resolved with a 5 minute chat with the guy who knows, etc. Things you won't even really think to ask about that don't get brought up.
Even less direct things as well - eg random new product ideas that come from a chat with a coworker, or improvements, anything like that. Those can all add up to improving products and productivity, and are difficult to measure the effect of.
All of this stuff is in the tail though, and we probably won't see the effects for years (and it'll be muddied by people who do genuinely work well in WFH environments too)
I've had this happen plenty of times over text.
I suspect the "cross pollination" might get balanced out by the ability to interact with anyone at the company, rather than just those on your floor or building.
People starting dying from covid while crypto markets soared, so I guess killing people with covid fuels bitcoin.
Or possible they huge money printing influenced the picture.
EDIT: Not saying we weren’t more productive, just saying that HN tends to be very scientific but is really ignoring correlation != causation which we all would point out for most other things.
It's entirely possible that a company can have a drop in productivity and record profits at the same time.
Anecdotally, my company had record profits during the period of WFH, and I personally think my productivity stayed the same or improved. However, as a company we also shipped significantly less new features/products than we did in years past (and my opinion as to why is because we had significant organizational delays caused by miscommunication about timelines and priorities (stuff that in theory might have been improved if we were not WFH)). If we had not had a drop in the amount we shipped, it's possible our record profits would have been even higher record profits.
The only reason why major companies undergo Agile transformations -- and why these almost always take the form of Scrum -- is because of the promise of fine-grained metrics, analytics, and control of the SDLC by upper management. That's what the agile consultants pitched to the CTO. Everybody involved in a typical Scrum shop is playing a game of Mornington Crescent -- of pretending to deliver quality software in an organic developer-customer relationship when what they're really expected to deliver is stories, estimates, and burndown data to their bosses (or their bosses' bosses).
Anyway, that has not much to do with WFH, aside from the fact that calling workers into the office comes from the same place as imposing Scrum: the bosses need to feel in total control.