Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
A new study has revealed that workers who cannot work from home (WFH) receive higher wage gains to compensate for their lack of flexibility. According to research conducted by economists from the University of Nottingham, the University of Sheffield, and King’s College London, in-person staff in the UK saw their wages grow faster than those who could work remotely after the pandemic.
The study found that workers able to work from home faced a “remote work wage penalty”, with their wages growing 2% to 7% slower than those in occupations requiring them to be on-site. Despite this, the non-salary benefits of working from home—such as reduced commuting costs and improved work-life balance—outweighed the lower wage gains.
This compensation disparity did not increase inequality between remote and non-remote workers, as higher wages for in-person work balanced out the flexibility perks of WFH. The research, which analyzed wage data from 2018 to 2023, comes amid ongoing debates about return-to-office (RTO) mandates as labor markets loosen. Companies like PwC UK and Amazon have recently implemented stricter in-office requirements.
Additionally, the study found that many UK workers would be willing to sacrifice 8.2% of their pay for the option to work from home two to three days a week, with women, young workers, and those with long commutes particularly valuing this flexibility.
The findings challenge arguments that WFH increases inequality, as both in-person and remote workers ultimately see balanced compensation.
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