this post was submitted on 29 Dec 2023
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Work Reform

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[–] mp3@lemmy.ca 41 points 10 months ago* (last edited 10 months ago) (1 children)

But they helped their buddies with empty real estate downtown so it's all good.

[–] Ilovethebomb@lemm.ee 1 points 10 months ago (1 children)

Again with this claim. Do you really think executives that get paid bonuses based on how well the company performs are going to make poor business decisions to help out their friends?

[–] 4am@lemm.ee 1 points 10 months ago (1 children)

Depends on where their investment assets are

[–] Ilovethebomb@lemm.ee 0 points 10 months ago (1 children)

You can just invest in something else instead.

[–] 4am@lemm.ee 0 points 10 months ago (1 children)

Are you being purposefully obtuse, or do really not understand?

Why the fuck would they invest in something else when they think they have the power to manipulate their position into inflated value? If there is a rush to return to the office then demand for the best places would exceed supply and those stocks would skyrocket. They’d make out like bandits.

Of course, it’s not really panning out that way; the cat’s out of the bag on remote work, Pandora’s box is open. So some of that gung-ho for RTO will die out. Sure there will still be some, as some people just want employees under stricter observation and control (mostly for pretty unjustifiable reasons) but there really isn’t much of a financial incentive from an office prestige or from a productivity standpoint anymore. Shareholders are going to wonder why the companies who insist on RTO are taking on the extra cost and liability, when that money could be going toward dividends.

[–] Ilovethebomb@lemm.ee 0 points 10 months ago

You're really getting into tinfoil hat territory with this, to be honest.