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penguin@sh.itjust.works ⁨11⁩ ⁨months⁩ ago

It has nothing to do with real estate. This is often echoed on social media but is baseless.

Even if they did care about real estate value, they’d rather all other companies return to office, boosting those values, while they could then remain remote and take advantage of both the higher real estate values and also the numerous advantages of remote work.

Boosting real estate values in this way is a collective action problem where most companies would need to work together for the greater good (as they see it). But if you hold this world view, that CEOs will screw over their employees for their bottom line, why wouldn’t they also screw over other companies? They would. They would want other companies to work together to fix the real estate values while also benefitting from remote work. So it would all fall apart.

Here are more likely scenarios:

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