this post was submitted on 23 Jul 2023
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United States | News & Politics

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Remote Work to Wipe Out $800 Billion From Office Values, McKinsey Says (www.bnnbloomberg.ca)
submitted 2 years ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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[–] piege@sh.itjust.works 15 points 2 years ago (2 children)

Ftfy - Irrelevant industry failed to adapt to technology available for decades thanks to overall ineffective managers in businesses.

[–] Designate6361@lemmy.letthewookiee.win 4 points 2 years ago

Those same managers are rallying to get people back into offices to mixed results. Some staff will come back but others are quiting to go and work for remote businesses. The next 3-5 years are going to be interesting.

[–] yogthos@lemmy.ml -1 points 2 years ago

Sure, that doesn't change the economic fallout from this maladaptation though.

[–] Ocelot@lemmies.world 14 points 2 years ago

Good. Build housing instead. Already starting to see a lot of converted offices into living units show up

[–] sarcasticsunrise@lemmy.ml 4 points 2 years ago

B-but think of the landlords!! /s

[–] itspcp@lemmy.ml 4 points 2 years ago (1 children)

Maybe we can help them out with taxpayer money? It's time to give something back to these fine good people.

[–] yogthos@lemmy.ml 6 points 2 years ago

I mean that's obviously what's going to happen in the end. Massive bailouts for the landlords and massive austerity for the working class.

[–] angstylittlecatboy@reddthat.com 4 points 2 years ago

epic