Re:Dell goes back on WFH pledge, forces employees to come ba...
by jerf on Monday May 15, 2023 @11:45AM
(#35950115)
"There's some secret cabal of people who run the world and they've decided that commercial real estate needs to thrive, for some reason."
The reason is easy to figure out: "Holding a lot of Commercial Real Estate assets". There's literally trillions of dollars at stake here. I would personally propose that the alternative that the people holding this trillions of dollars of assets are just sitting back and watching their entire market collapse placidly, with it never occurring to them to call in favors, use political power, buy lobbyists, buy PR, and literally everything else possible to save that money, is the crazy idea.
It requires me to believe that the 0.001% are just so amazingly honest and fair-minded that they will calmly accept the judgment of the market that their assets are no longer required. This is not a position I see a lot of evidence for.
The only thing that surprises me is that we haven't seen a lot of call for some sort of regulation that accidentally whoopsydoopsy can only be conformed to by workers in offices whoknew what a surprise and shocking unexpected consequence. Keep an ear out for it, I wouldn't be surprised to see this tried in the next year or two. Their situation is pretty dire.
The reason is easy to figure out: "Holding a lot of Commercial Real Estate assets". There's literally trillions of dollars at stake here. I would personally propose that the alternative that the people holding this trillions of dollars of assets are just sitting back and watching their entire market collapse placidly, with it never occurring to them to call in favors, use political power, buy lobbyists, buy PR, and literally everything else possible to save that money, is the crazy idea.
It requires me to believe that the 0.001% are just so amazingly honest and fair-minded that they will calmly accept the judgment of the market that their assets are no longer required. This is not a position I see a lot of evidence for.
The only thing that surprises me is that we haven't seen a lot of call for some sort of regulation that accidentally whoopsydoopsy can only be conformed to by workers in offices whoknew what a surprise and shocking unexpected consequence. Keep an ear out for it, I wouldn't be surprised to see this tried in the next year or two. Their situation is pretty dire.
It hasn't even been all that secret either: https://www.forbes.com/sites/jackkelly/2022/02/17/new-york-c... I'm not citing that as proof, just evidence. There's plenty of money at stake in this matter.