It is unlikely there is any efficacious way to avoid the teleshock. If a company can have online meetings, it can hire employees through online interviews. And it won’t have to get them U.S. visas or work permits. Both companies and workers will get better at managing these arrangements, and more software will be created to handle hybrid work flows (part remote, part in person) for employees.

This new world will create a remarkable boost in both competitive pressures and opportunity. Like the China shock, the teleshock is likely to be one of the defining economic developments of 21st century America.

Tyler Cowen is a Bloomberg Opinion columnist. He is a professor of economics at George Mason University and writes for the blog Marginal Revolution. His books include The Complacent Class: The Self-Defeating Quest for the American Dream.

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