This exactly.
A year or two back there was an article about companies trying to return to office- the CEO of some upstart engineering company had a quote like ‘every time one of our competitors announces return to office we kick our recruitment into overdrive. We get all the best people that way’.
The companies that push return to office aren’t going to keep their most productive and intelligent workers. They’re going to keep the ones who can’t find anything better.
It’s really kind of funny… this is a combination of short-sighted management who think that being able to physically see their employees working somehow makes them more productive, and real estate- lot of dollars invested in commercial real estate and CEOs don’t want to admit their flashy new HQ in Silicon Valley was wasted money.
This is why big business and the government want a “mild” recession so badly…unemployment is below 4% right now so employees have the upper hand in a lot of things (wages, union negotiations, working from home). Push the unemployment back to 8% or so and big business is hoping the workers lose most of their leverage on these issues.
I wish I could say you’re wrong and that’s tinfoil hat paranoid… but sadly maybe not.
Right now there’s a resurgence of the workers rights and unionization movement, and low unemployment helps push that. Businesses need their employees more than the employees need their employers and the smart employers are skimming the cream of the crop.
I don’t think federal government gives a crap but local governments in business districts are pushing return to office as hard as everyone. They see their (way overvalued) commercial office districts sitting empty, and every worker that doesn’t commute is a worker not riding the metro / buying Starbucks / buying a paper / otherwise stimulating the downtown economy.
Smarter cities are starting to realize that their downtown property values are a fucking bubble that is not sustainable, and they’re exploring turning office space into desperately needed apartments. But that takes time and isn’t easy and it involves hosing a lot of commercial real estate developers and their investors who invested on absurd property values.
Fact is though- real estate (especially in downtown districts) is a bubble that’s long due to be popped. There’s no valid reasons humans have to cluster together like that, the country’s more than big enough to spread people out and not have people paying through the nose for shitty apartments.
jonne@infosec.pub 1 year ago
Yeah, companies that are sticking to optional office attendance are going to snap up the best employees. Look for innovation coming from them.
SirEDCaLot@lemmy.fmhy.net 1 year ago
This exactly.
A year or two back there was an article about companies trying to return to office- the CEO of some upstart engineering company had a quote like ‘every time one of our competitors announces return to office we kick our recruitment into overdrive. We get all the best people that way’.
The companies that push return to office aren’t going to keep their most productive and intelligent workers. They’re going to keep the ones who can’t find anything better.
It’s really kind of funny… this is a combination of short-sighted management who think that being able to physically see their employees working somehow makes them more productive, and real estate- lot of dollars invested in commercial real estate and CEOs don’t want to admit their flashy new HQ in Silicon Valley was wasted money.
errer@lemmy.world 1 year ago
This is why big business and the government want a “mild” recession so badly…unemployment is below 4% right now so employees have the upper hand in a lot of things (wages, union negotiations, working from home). Push the unemployment back to 8% or so and big business is hoping the workers lose most of their leverage on these issues.
SirEDCaLot@lemmy.fmhy.net 1 year ago
I wish I could say you’re wrong and that’s tinfoil hat paranoid… but sadly maybe not.
Right now there’s a resurgence of the workers rights and unionization movement, and low unemployment helps push that. Businesses need their employees more than the employees need their employers and the smart employers are skimming the cream of the crop.
I don’t think federal government gives a crap but local governments in business districts are pushing return to office as hard as everyone. They see their (way overvalued) commercial office districts sitting empty, and every worker that doesn’t commute is a worker not riding the metro / buying Starbucks / buying a paper / otherwise stimulating the downtown economy.
Smarter cities are starting to realize that their downtown property values are a fucking bubble that is not sustainable, and they’re exploring turning office space into desperately needed apartments. But that takes time and isn’t easy and it involves hosing a lot of commercial real estate developers and their investors who invested on absurd property values.
Fact is though- real estate (especially in downtown districts) is a bubble that’s long due to be popped. There’s no valid reasons humans have to cluster together like that, the country’s more than big enough to spread people out and not have people paying through the nose for shitty apartments.
WidowsFavoriteSon@lemmy.world 1 year ago
Of course Biden wants a recession now, that looks sooo good on the campaign trail.
/s