This is the best summary I could come up with:

Many CEOs have pointed fingers at remote work, arguing that languishing on the couch has made it significantly easier for employees to extend less effort—which over time yanks total company production down.

“We’ve seen something that rarely occurs outside recessions: Productivity accelerated in a pro-cyclical manner, in line with the overall pace of economic activity, and positive growth in terms of the labor market,” he tells Fortune.

It’s underpinned by four main factors unique to our current circumstances, Daco posits: Less turnover, more solid flexible arrangements, upped attention to costs, and more meticulous investing.

When the U.S. reported its fifth straight quarter of productivity declines back in May—the longest such stretch since World War II—it followed two years of the Great Resignation and job hopping.

That left businesses paying extra attention to cost management, cutting back on expenses like free lunch and even resorting to rounds of layoffs.

“So bosses don’t want to let good talent go.” Instead, they’re having to find ways to improve productivity, such as investing in increased employee engagement and long-term retention and leveraging technological innovations like generative A.I.

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