Comment on The Secret Reason Bosses Want Everyone Back in the Office, Every Day of the Week
frisbird@lemmy.ml 6 days agoLetting those businesses fail means allowing commercial real estate values to bottom out, and that means all the securities that are backed by the value of those assets drop in value. It would be a massive financial destruction event.
W3dd1e@lemmy.zip 6 days ago
Personally, I’m fine with that but that’s why I said I’d be out of a job. The USA designed its cities badly.
frisbird@lemmy.ml 6 days ago
It’s not about whether or not you’d be fine with it. It’s an explanation for why bosses want everyone back in the office. Yes, there’s an emotional narcissism to management across the US, but I don’t think that’s enough to explain the RTO phenomenon. It’s more likely driven by the fact that a collapse of commercial real estate value would destroy so much value in the economy that every executive would lose millions, and some would lose billions.