So what? The market decides what is needed or not. Business need to stop whining, stop with the silly 'return to office' mandates that are killing their productivity and reducing their quality of talent, and adapt.
It's business. Adapt or die.
socialism for the capitalists, harsh rugged capitalism for the rest of us
Socialize the losses, privatize the gains
Damn rent-seekers
I (don't really) like to imagine how if someone were to invent a star trek-esqe teleportation device that beams people from place to place, how the auto manufacturers, road infrastructure organizations, and a probably countless other industries would be up in arms about their "losses" without realizing how stupid and short sighted that stance would be.
It's like we're unable to outgrow anything as a society without toddler-tantrum-like backlash from those who have benefitted from us being beholden to the current status quo.
You should look at the history of public transit in Detroit, and trains more broadly in the US. Its the same thing.
The market decides what is needed or not.
Silly thing. Capitalism only matters when it's good for business.
Business is risk, highness. Anyone who says different is selling something.
What about how much pollution, stress, accidents leading to insurance claims, that will eventually be saved by not having millions drive and live in traffic everyday?
What about that McKinsey?
We don't care about that because that doesn't make rich companies happy.
Ok so for the pros of working from home that's:
But let's not forget the big cons of work from home too!
There are pros for working in the office. They don't outweigh the cons, but let's not pretend there are 0 benefits.
I could see a day-a-week thing being positive, but why the hell would we pay for the real estate? Just can't see it working out for a net positive.
Maybe shared office space that's network/security agnostic? We had a thing going like that in Seattle for a bit. Not sure how it worked on the ground, wasn't there.
They could use them for retail or…they could re-zone these areas for residential housing and reduce the cost of renting or buying a home, but that would make too much sense.
Of course it could. I guarantee if you look at all the “return to work or else” CEOs they are all heavily invested in commercial real estate.
I don't understand why corporates are so against the idea of savings millions of dollar in office spaces. More people working remotely mean smaller office required, cut on office supplies and utilities bills. Higher employees moral, motivation, and productivity.
What are so bad about all that? Just because the boss can't spy on their employees and assert their authority ?
The guy next to them in the circle jerk is a commerical real estate Holder and they don't want they dick goin soft
Just because the boss can't spy on their employees
Even this is no longer a valid justification. Activity monitoring software installed on companay provided computing devices used by remote employees has been around for a while and is gaining in popularity. They don't even need physical presence to spy on employees.
So, its even more confusing why corporations are so against the idea of remote work.
And this is exactly why board rooms are demanding a return to office. The wealthy people who run companies are invested in commercial real estate.
"So yeah, if all you peasants could get back in the office, that'd be greeeeeeat."
Do they really still have that value if we have to reorganize our comfortable lifestyle in order to keep it? Seems like that value was already lost during the pandemic and they are trying to pass the loss on to the workers
There is no value lost unless you're an owner being forced to sell. Employment space is not worth anywhere near what the value of housing is. Call this what it is, a market correction.
If businesses can run without $800 billion tied up in assets, not only should they, the market dictates that they have to. Sorry landlords, sucks to suck.
I see this as an absolute win
That's right all the money and time we've all spent on commutes was a subsidy for commercial real estate out of our pockets.
So you're saying WFH both reduces carbon emissions and frees up real estate for affordable housing?
Sounds like the march of technology continues. When cars became common, did Big Horse whinny about it? When the printing press hit the scene, did we mourn for the loss of monk jobs? Why should we care about people caught holding the bag when we no longer need a building? That's their gamble and they lost.
Think of how much value was wiped off the horse industry after the horseless carriage.
Most companies are trying their best to get people back in the office, but this strategy is tough to pull off with other companies poaching talent by just not caring.
🎻
Fuck McKinsey. Seriously. Fuck those guys with a 3 foot piece of 1 inch rebar.
Too bad it's not doing the same to Residential Real Estate. Seems like every country around the world is getting absolutely fucked by old people.
Working from home is a net cost cutter, if done right. It will take a while for us to adjust though. Workers who game the system from home are the same ones who game the system in offices. Then too, boss suck-ups will have a bit harder time getting ahead while working from home.
Listen, we bailed the banks out once.
If you make a bad investment, you make a bad investment. Literally, eat it.
Turn them into housing
People should put pressure on employers to let them choose if they want to work from office, or home. Homeoffice FTW!
McKinsey expects landlords to do real people work and innovate?
Have they met landlords?
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