Comment

Comment on Dell responds to return-to-office resistance with VPN, badge tracking, and color-coding of employees

A large portion of most rich peoples investment portfolios is commercial real estate.

So if remote work takes off then offices devalue and their invest profiles diminish. That’s why all the big business have colluded to force RTO, even if it would ostensibly cost their business more to do so. The execs personal savings are more important.

source

Sort:hotnew top

thisisnotgoingwell@programming.dev ⁨6⁩ ⁨months⁩ ago
This, and it’s a way to make sure urban economies with investments stay stimulated… If the companies said “okay, just do your job, IDC” then a lot of people would move to rural areas. Also, corporate office leases are usually long, like 15 years. If the companies stop paying their leases, the entire flimsy financial system would crumble, since modern economics/property prices are more about potential/theoretical value rather than real value. You need a big fancy building in a fancy city to attract top talent, high earners, so it keeps the class system intact as well.

source
- 0x0@programming.dev ⁨6⁩ ⁨months⁩ ago
  
  You need a big fancy building in a fancy city to attract top talent,
  
  WFH attracts me, not fancy buildings in cities… YMMV i guess.
  
  source
- gian@lemmy.grys.it ⁨6⁩ ⁨months⁩ ago
  
  You need a big fancy building in a fancy city to attract top talent, high earners, so it keeps the class system intact as well.
  
  I don’t think that this is that true anymore.
  
  source