291–300 of 301 posts
I understand how one can talk about the "elite" or capitalist class as a single entity, but employers pay corporate leases and landlords are two different entities (although not always, of course), thus the motivation for employers to issue RTO is not as clear. I can imagine other scenarios though (like sunk-cost for the employer in the middle of a lease, or not being able to break a lease without huge expense), but…
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> If you don't have the discipline to work when you are supposed to, that's a you problem. Actually it's a company problem, that is precisely why this is one of the main reasons they are doing it and why it actually makes sense.
People always slacked off in the office. Probably a lot more than at home.
Statement based on pretty much nothing.
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> If the employment market is giving you qualified candidates at the price you seek in-office Is the employment market actually giving you that? Anecdotally, I knew a handful of FAANG engineers with 10+ years experience who had gone full remote before the pandemic, and dozens more during/since. Those are the creme-de-la-creme of the employment market, and they are all hanging out at startups who are willing to play b…
> Is the employment market actually giving you that? Yes, because the employment market is not a free market. You can find (virtually) any employees your heart desires, because workers are highly motivated to not die. In addition, they have no bargaining power, meaning they take what they can get. They don't have visibility either - hiring is a perfect black box to them. The scales are not only not balanced, they're…
We're talking about highly-skilled software engineers and product specialists who are used to being able to command high 6-figure salaries with considerable additional perks (RSUs, bonuses, 3 meals a day on campus, free laundry...)
Those are the folks Meta/Amazon/Google are mandating return to 5 days a week in office. The folks stuck doing manual labour in their fulfilment/data/moderation centres... those ones mostly never were allowed to go remote in the first place.
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Off topic question, but what do investment bankers even do for all those hours every week?
I talked once to an ex investment banker who quit to move into tech due to the hours. He had lots of stories about ridiculous hours. He said most of the time was wasted. It was spent on things like preparing slide decks for executives who then didn't read them, but who insisted the work be done in massively compressed time windows and then delivered by taxi at 6am on a Sunday. He viewed it as very inefficient and mos…
Earlier quoted context omitted.
> Is the employment market actually giving you that? Yes, because the employment market is not a free market. You can find (virtually) any employees your heart desires, because workers are highly motivated to not die. In addition, they have no bargaining power, meaning they take what they can get. They don't have visibility either - hiring is a perfect black box to them. The scales are not only not balanced, they're…
I'm not sure of the relevance - we're not talking about child labour here. We're talking about highly-skilled software engineers and product specialists who are used to being able to command high 6-figure salaries with considerable additional perks (RSUs, bonuses, 3 meals a day on campus, free laundry...) Those are the folks Meta/Amazon/Google are mandating return to 5 days a week in office. The folks stuck doing man…
Everyone likes to believe they're mama's special little laborer. But you're not, you're a cog like the rest of us and the only thing you command is a shitty drip coffee machine in a cramped break room.
This is a matter of class, not a matter of profession. You, and I, are being bullied by our employers because we have absolutely 0 say in how we work our jobs. That's no different than any manual laborer - minus the ones who are unionized.
In a matter of irony, mechanics and such that operate in a union have much more control over their workplace. If their job allowed it, they could trivially strike for the benefit of WFH. That's not a power you have, you're too busy bending over and then later justifying how you wanted to take it all along.
Earlier quoted context omitted.
I'm not sure of the relevance - we're not talking about child labour here. We're talking about highly-skilled software engineers and product specialists who are used to being able to command high 6-figure salaries with considerable additional perks (RSUs, bonuses, 3 meals a day on campus, free laundry...) Those are the folks Meta/Amazon/Google are mandating return to 5 days a week in office. The folks stuck doing man…
Of course it's relevant because it's all the same. Software engineers have merely deluded themselves into believing they command things. Without a union, you have no bargaining power. Everyone likes to believe they're mama's special little laborer. But you're not, you're a cog like the rest of us and the only thing you command is a shitty drip coffee machine in a cramped break room. This is a matter of class, not a m…
I think it's about productivity. Maybe not for you or me but if you're on TikTok you've probably seen the 'quiet vacations' trend, where kids learn how to fake working in their remote jobs. This is why we can't have nice things.
Then their jobs didn’t mean anything to start then? What well run business doesn’t have metrics for their employees to meet ? If they are able to “vacation” and get their jobs done, what is the harm in that?
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But the mortgage is fixed. Bringing people back in won't change the contract.
The value of the building is as a multiplier of the net operating income, that's what a cap rate is. If people come back in and companies expand and renew their leases, that increases the value of the building and reduces the capital needed to recapitalize the mortgage. And, bringing people back in, especially in the context of e.g. Amazon with thousand of workers, also has lots of knock on effects on other businesse…