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The back-to-office backfire: Companies ending WFH perks lose out on top talent, who view flexible work as equivalent to an 8% raise (www.businessinsider.com)

submitted 1 year ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.zip/post/1125686

Archived version: https://archive.ph/vL1mC
Archived version: https://web.archive.org/web/20230806071111/https://www.businessinsider.com/employees-work-from-home-benefits-as-good-as-raise-2023-8

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[–] prole 3 points 1 year ago* (last edited 1 year ago) (1 children)

Government officials either owned or had friends own office buildings and it made monetary sense for them to force workers back to the offices.

Even that is sunk-cost fallacy. If they own the buildings, that means they're already paid for. The only money they lose is theoretical and non-existent.

Edit: In fact, it costs them more money as you have to pay for utilities, maintenance, overhead, etc. when you fill a big building with people 5 days a week.

[–] [email protected] 2 points 1 year ago (2 children)

Some collect rent from sub companies, some have fears of devaluation of buildings if not occupied, etc. Plenty of angles where the lost money.

[–] prole 5 points 1 year ago* (last edited 1 year ago) (1 children)

Right, theoretical money. "Opportunity cost." They're not losing anything, they're missing out on potentially making more.

Boo hoo

[–] [email protected] 1 points 1 year ago

Hey, I agree. It is about corrupt officials and businesses who want to make more. I’m not burning a candle for the (perceived) plight of these monsters 😀

[–] [email protected] 2 points 1 year ago (1 children)

There's gotta be pressure for offices to open up so employees are forced to spend money on food/coffee/dry cleaning/whatever around the building itself too.

I feel for those businesses, but not enough to subsidize their existence when I don't need it.

[–] [email protected] 3 points 1 year ago

Spot on. It is so much more than just ‘already owned a building’. There was an industry created around offices, inside and out. Powers that be (corrupt and otherwise) wanted to keep the gravy train going and so order people back to offices. Does it make sense for people to do so? Largely not I think bit screw the people right? Despicable.