Board rooms full of people heavily invested in commercial real estate.
Comment on Amazon exec says it’s time for RTO: ‘I don’t have data to back it up, but I know it’s better’
NounsAndWords@lemmy.world 11 months ago
But I know it’s better
Better for whom?
roofuskit@lemmy.world 11 months ago
sunbeam60@lemmy.one 11 months ago
I have very real examples of this being the case where I am. There’s a lot of real estate that if it falls in value it materially impacts the exec leadership. No wonder they are so keen to save Pret.
Kbin_space_program@kbin.social 11 months ago
People who have investments in:
• corporate real estate and companies like Blackrock, Concord Pacific and Amazon who own billions of dollars of corporate real estate.
• downtown coffee shops that exist toripoffserve otherwise stranded office workers.
• car and oil companies because all that rush hour traffic makes them money.
• road construction companies since rush hour traffic jams means easy bribing governments into paying billions for complex and frequently experimental road enhancements.Semi-Hemi-Demigod@kbin.social 11 months ago
You forgot the governments who gave Amazon $5 billion in subsidies to have offices in their jurisdictions: https://qz.com/amazon-s-5-billion-discount-see-all-its-tax-cuts-and-1849821611
Kbin_space_program@kbin.social 11 months ago
Here's a fun article from pre-covid about Amazon buying Vancouver's old post office building. They gutted the historic building and left only the outer shell.
BaronVonBort@lemmy.world 11 months ago
Micromanagers and building owners
nicetriangle@kbin.social 11 months ago
Yep all those countless hours of travel, gallons of gas, car repairs, transit fares, etc we’ve been covering out of pocket our whole working lives has been a free subsidy to commercial real estate companies.
Hyperreality@kbin.social 11 months ago
It really is absurd.
I'm returning to the job market, and I'm honestly thinking of getting a shitty job within cycling distance, rather than be forced into commuting again.
I honestly don't know how much more they'd have to offer me, just to force me back in my car. It certainly won't be nothing.
echo64@lemmy.world 11 months ago
And the biggest winner, the people want to do soft layoffs