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FRED — How much commuting time are we saving by working from home? : A back-of-the-envelope calculation of pandemic-related changes

Summary:
The FRED graph above shows the potential number of hours per week spent on commuting that are being saved by working from home: Between April and July, that potential weekly time savings in each county ranges from 1 million to 1.5 million hours. *The physicist Enrico Fermi used this method to great effect in his research and teaching to get rough orders of magnitude. We wonder what Professor Fermi would have been able to accomplish if he had access to FRED… He received a Nobel Prize in physics in 1938 and passed in 1954, long before FRED came to be.... FREDHow much commuting time are we saving by working from home? : A back-of-the-envelope calculation of pandemic-related changes

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The FRED graph above shows the potential number of hours per week spent on commuting that are being saved by working from home: Between April and July, that potential weekly time savings in each county ranges from 1 million to 1.5 million hours.
*The physicist Enrico Fermi used this method to great effect in his research and teaching to get rough orders of magnitude. We wonder what Professor Fermi would have been able to accomplish if he had access to FRED… He received a Nobel Prize in physics in 1938 and passed in 1954, long before FRED came to be....
FRED
How much commuting time are we saving by working from home? : A back-of-the-envelope calculation of pandemic-related changes
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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