Welcome to charts of the week. This is a member’s-only mailout, but you are free to occasionally forward it to a friend if you think they will enjoy it.

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DEPARTMENT OF FUTURE WORK

Advanced economies lead in home working

There is a steady stream of data (instead of conjecture) about the reality of remote work. McKinsey found that advanced economies have greater ability and flexibility in remote working. Via McKinsey

On the decline but still well above average

Adding to the pile of data on working from home, there is evidence that the trend is declining, especially among white-collar workers. Yet, working from home is still almost several times higher than before the pandemic. (Pre-pandemic, about 3.6% of Americans were thought to work from home, in the UK, the proportion was about 5.5% in 2018.) Via Jed Kolko

The barriers are coming down

Technology is removing the barriers not just to remote work but also to innovation.  Via DLD Conference

DEPARTMENT OF BELIEF

A profound cultural shift

Asked if they have doubts about the existence of God, there is a significant gap between Gen Z and millennials in the US. This is just the tip of the iceberg when it comes to the profound cultural shift taking place in America as more people question the fundamental belief systems that have characterized the country’s culture for decades.  Via Ryan Burge

Times are a changin’

Perhaps in line with questions on faith, Americans are increasingly open to new research and use for psychedelics. California’s state assembly advanced a landmark bill that will essentially legalise psychedelics in the state. When passed, this will open the flood gates for new research into how these substances can help treat depression and other ailments. Look at the period between 1968 and 2016. Almost three decades of lost time researching potentially groundbreaking uses of psychedelics. There is a lot of catch up work to be done. Via Science Writing

A new frontier in medicine

Recent research into the use of psychedelics in the treatment of depression, addiction, and other health issues has been encouraging. With states across the US busy rolling back criminal laws for the substances, there is a flood of new capital flowing into so-called psychedelic startups. Via Dealroom

DEPARTMENT OF UNICORNS

Deep tech investing