This is a very popular idea, but it doesn’t make a huge amount of _sense_. Most office-oriented employers don’t own much if any real estate; they lease it. And unless they’re really huge, what _they_ do has very little influence on the price of real estate generally; they’ve no individual incentive here. Arguably a mild counter—incentive; it’s generally to their benefit, as renters of real estate, if future real-esta…
I also believe COVID fucked productivity globally and executives thought it was a temporary thing due to measures in place. But I feel like COVID situation triggered stuff that either accelerated existing trends or introduced new problems, and I don't think there's going back. People quoting productivity drops from new hires during COVID omit insane hiring in tech - implying that remote work is to blame and not their…
Non-farm labor productivity – the red line, representing output per hour worked – _shot_ up when we all worked remotely. Total productivity dipped because there were many fewer workers working many fewer hours (the green line). Both are roughly back on their pre-pandemic curves now.