Remote work triggers move to DAOs in the post-pandemic world: Survey
A survey sample of working Americans suggests that millennial and Generation Z workers are far more in favor of joining decentralized autonomous organizations (DAOs) and working remotely in the post-COVID-19 world.
Over 1,100 Americans took part in a survey conducted by MetisDAO Foundation, which explores trends in remote working preferences and the emergence of DAOs in recent years. A key consideration is the effect that COVID-19 has had on worker sentiment and the growth of DAOs in corporate governance.
Citing a research report on DAOs published by the Harvard Law School Forum on Corporate Governance, the results of the survey highlight how DAOs saw their treasuries swell from $400 million to $16 billion in 2021.
This coincided with growing participant figures, up from 13,000 to 1.6 million people during the same period. Drawing comparisons to some of the largest multinational corporations, global DAO workforce numbers are equal to one Amazon, 18 Facebooks, seven Microsofts or 11 Google.
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The impact of COVID-19 is a primary driver of Metis’ report investigating workers’ readiness for decentralized employment opportunities. The unexpected, rapid shift to remote working conditions of the pandemic has seemingly driven knowledge and understanding of DAOs and decentralized autonomous companies (DAC), particularly among Millennial and Gen Z workers.
A major takeaway from the results is that nearly 75% of respondents believe that companies will need to adapt how they run their businesses to offer more remote work options. Millennials working in hybrid or remote settings offered the most positive responses on how DACs offer workers opportunities to help govern a company.
47% of the respondents also indicated that they would be open to working for a DAO or DAC as a contracted employee. The survey also indicates that millennial workers are more willing to work for a DAO or DAC than any other age group.
Meanwhile, Gen Z respondents most accurately defined a DAO compared to respondents from other age groups and a majority of Gen Z participants also defined DAOs as a “revolutionary movement changing the future of work.”
MetisDAO concludes by highlighting the influence of prolonged remote working conditions driving the desire for more decentralized and autonomous work environments
“The survey results show that a majority of respondents seek all of the things that DACs provide; remote work opportunities, independence from management, and influence over the organizations they work in.”
MetisDAO’s survey came from a sample of 1112 respondents through SurveyMonkey in November 2022. The DAO forms part of Metis, an Ethereum layer-2 rollup solution.