How would he even know? Did he run some comparative numbers between employees working from home and those that didn’t during the same time period? Or is he just making shit up?
He's doing the same shit Elon does and is just pulling random bullshit out of his ass that makes his opinion sound less absolutely fucking stupid than it really is.
Fuck you bud, our unit was more productive remote and we had the metrics to prove it.
Unfortunately, data doesn’t trump tiny minds who need to manage people in person, or obviate the type of bullshit rumors billionaires and those invested in commercial real estate tend to peddle.
the reality is that if companies have remote employees, they dont need commercial real estate. if companies dont need commercial real estate, a GIANT BUBBLE that will dwarf the subprime fuckups in 2008 happens & tens of billions of dollars in commercial real estate will rapidly lose value. anyone holding that property will see their assets plummet like someone jumping out of the 70th floor of a Wall St building.
if anything, the pandemic taught us that 90%+ of employees who could work in an office downtown (or wherever) can work just as well at home. Schwarzman’s ass is on the line.
you’re not wrong, they totally could - but not at a profit margin the board/stockholders will accept. really glad I dont have any investments in commercial real estate.
Converting a commercial building to residential use isn’t that easy. For one the plumbing is very different for commercial use and not easily converted for residential. Either way this billionaire can get bent, remote work is better in every measurable way.
Not like there's murmurs about a commercial real estate crash looming due to remote work being super effective and there being no reason what so ever for CEOs to have these gigantic castles with thousands of serfs.
So glad my company downsized offices this last year. We're like 80-90% remote (I still haven't even been to the state my office is in), so there was no reason to keep a big office building that was mostly empty.
It's amazing what a company can do when they care about their employees more than a stack of bricks with shit in them.
I wouldn't go as far as to say they care about employees, there are plenty economical reasons to do so, the fact it gels with happy employees is pure happenstance..
The difference is when the drive to maximize money is greater than the need to lord over people.
That is, unless the company owns the real estate and buildings themselves, then the fear the value of the property will tank is another overriding factor that sets them against WFH.
Listen, all I am saying is that if all the billionaires disappeared over night, if you avoided mass communication media you would probably not know. If you took that same amount of collective wealth from the bottom up human society would collapse.
Has he been to an office before? Just because you're in an office doesn't mean you're "working hard." Lots of people do random web browsing, online shopping, etc., while at work and on the clock. Typical belief of old timers. They think your presence at a desk is somehow a magical indicator of a hard worker.
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