Earlier in the pandemic many news and magazine organizations would proudly write about how working from home always actually can lead to over working and being too “productive”. I am yet to collect some evidence on it but I think we remember a good amount about this.
Now after a bunch of companies want their remote workers back at the office, every one of those companies are being almost propaganda machines which do not cite sound scientific studies but cite each other and interviews with higher ups in top companies that “remote workers are less productive”. This is further cementing the general public’s opinion on this matter.
And research that shows the opposite is buried deep within any search results.
Have you noticed this? Please share what you have observed. I’m going paranoid about this.
It’s not just the corporations renting those offices, it’s the politicians of downtown areas that fear a downturn in tax revenue due to more empty offices and less people getting their daily coffee/lunch/after work drinks.
And of course, if everyone’s working remotely, this means it’s a lot easier to find a better job without even needing to leave the house to interview, which gives employees a better bargaining position (downside is that employers will start looking at employees in lower paying countries as well).
Tale as old as time
It’s the commercial mortgage backed securities market.
Remember 2008 when they bundled up all those home mortgages that were based on shitty unpayable loans and sold off securities to retirement funds etc? But then people couldn’t pay and the entire economy imploded resulting in massive bank failures?
Same deal. All those office space loans have been collateralized into securities. The 1% and the banking industry understand perfectly that if they don’t force people to return to office, the entire system will implode again. Even after Dodd Frank the regulations on over the counter derivatives are still mostly non existent.
I wonder why they bother, considering they’ll probably get bailed out again anyway.
There’s always money in the banana stand
All of this is happening with my company as we speak. I actually did a remote interview today while on my lunch hour. And my current company has just rolled out plans for “clerical help” based out of India. I’m in the U.S.
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The city of Seattle was literally crumbling before most of the major tech giants RTO.
Im not sure Republicans have had much control there in a few decades.
Republicans did a shitty job of planning New York City? When did this happen?
Eh, all those cities are Democrat run. Economically they’re essentially the same.