Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic changes in employment trends.
A lot of the investments by big companies were made in 2018-2019 with low near 0% interest. now a lot of those loans are coming due which will impact their total assets. they want workers in the office to keep Corp real estate in demand so their investments don’t tank. most likely will result in massive layoffs or bail outs as they will try to protect the shareholders for eternal growth.
Yea that’s true. You still can’t design and build an iphone, or near any physical product, remotely. But this is what people want to do. I work for a manufacturing company and there are engineers who want to stay at home and never see the prototypes and never colloborate on them in person. They aren’t going to last much longer. Good riddance. I’m pointing this out because there is a comment below me that says this is “all about control”. There’s a ton of jobs that should not be done remotely. There are a ton of jobs that can be done remotely too. The world is complicated.
Programming and fields like it can be done remotely. Manufacturing cannot be done remotely (like you said). I work in a semiconductor fab and my job is most definitely not compatible with remote work. I would like to transition to a job where I can be remote though, at some point.
I work in engineering, for 3 years we haven’t gone into office. There are in person things when needed, but the majority of design and engineering time is a solitary task.
A lot of the investments by big companies were made in 2018-2019 with low near 0% interest. now a lot of those loans are coming due which will impact their total assets. they want workers in the office to keep Corp real estate in demand so their investments don’t tank. most likely will result in massive layoffs or bail outs as they will try to protect the shareholders for eternal growth.
Yea that’s true. You still can’t design and build an iphone, or near any physical product, remotely. But this is what people want to do. I work for a manufacturing company and there are engineers who want to stay at home and never see the prototypes and never colloborate on them in person. They aren’t going to last much longer. Good riddance. I’m pointing this out because there is a comment below me that says this is “all about control”. There’s a ton of jobs that should not be done remotely. There are a ton of jobs that can be done remotely too. The world is complicated.
Programming and fields like it can be done remotely. Manufacturing cannot be done remotely (like you said). I work in a semiconductor fab and my job is most definitely not compatible with remote work. I would like to transition to a job where I can be remote though, at some point.
I work in engineering, for 3 years we haven’t gone into office. There are in person things when needed, but the majority of design and engineering time is a solitary task.
Yeah for jobs like that it seems odd for the engineers to not want to see the prototypes.
Seems like people like that are in the wrong profession for sure.