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Return-to-office orders look like a way for elite, work-obsessed CEOs to grab power back from employees
(www.businessinsider.com)
this post was submitted on 28 Aug 2023
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
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Our Goals
- Higher wages for underpaid workers.
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I think this speculative take is so popular because it gets a rise out of people, but it's much more likely that corporate real estate is just a real big asset on corporate balance sheets, and if everyone panic sells their offices at the same time that market will crash leaving corporations to hold the bag.
I know we want to believe that every senior manager on the planet is fragile masochist who needs to see their employees to feel big and strong and in control, but it's much more likely that this is related to finances.
Agreed. #1 advice from anyone is "invest in real estate because it's the only thing they're not making any more of." So even if a huge corporation owns nothing and just rents every inch of office space, most likely their investment strategy includes commercial real estate.
Anecdotally, I happen to know of some people who threw a ton of money into local commercial buildings pre-pandemic, because that was the way the investor-class herd was going. These are people that I consider very wealthy, but are small potatoes compared to most of these big corporate CEO types. Now that they own all these buildings, they're squawking because they can't rent them.