Posted on 10/03/2022 4:27:33 PM PDT by FarCenter
A business owner who found out his company could be profitable with employees working from home would be crazy to return the crew to a building he has to purchase or rent, light, heat and otherwise maintain.
Some day we will adopt a far more precise “Made by Americans” label. Very, very few are garment workers in Los Angeles.
That's probably precisely correct.
Big Insurance Company doesn’t bother with a senile retardate like Biden. They have Chuck Schumer on speed dial.
That’s what reorganizations are for. Long as you keep government bailouts out of the picture, the players will work things out. New investors will take over and the properties will not be over-leveraged. Rents will come down (unless the owners prefer to manage vacant properties) and the well be less over-building. It doesn’t have to be a crisis (unless, once again, government gets involved).
Commercial, particularly class a office, is and will continue to get smashed... especially in urban areas, where retail is also getting smashed.
People from NY, where I grew up, tell me the trains into the city carry a fraction of the passengers. People aren’t riding the subways anymore either because of the crime.
IMO, that city, where I was born, is getting ready to fall in on itself.
Even here in Florida where growth is crazy, the, brand spanking new, opulent Gartner campus/facility is a ghost town. A massive, unimaginably costly, complex that was just built sits vacant and empty.
“IMO, that city, where I was born, is getting ready to fall in on itself.”
If you are talking about NYC failing, that would be a very sad event.
My cousin lived there until about 10 years ago when he moved to a Maryland suburb. Which rubbed me the wrong way because I liked visiting the Big Apple at a low cost.
NYC is the most vibrant and energetic city I’ve ever visited. It’ll eventually bounce back.
Many projects can do development in an unclassified setting and move the system to the SCIF where it is integrated with the classified networks and data. Another "win" avoiding the need to have large numbers of staff living and working in expensive areas to have physical access to closed spaces.
At my old company there are still entire depts still working from home. I wish I had that option for the 18 years I spent driving to and there to be in a cubicle!
That is about $43,000 in gas money I could have saved plus the wear and tear on the car.
Many are gone and haven’t been replaced.
Often times a major event changes the landscape in ways nobody imagines. The Fauci shutdown was largely responsible for one of the biggest employment trends in our lifetimes.
It will have wide and expansive reach and involve trillions of dollars and significant changes in business operations and feeder businesses that relied on workers in offices.
The government bailout isn't intended to support the real estate market or the lender, but to prop up the value of the U.S. dollar on global financial markets.
One of the job concerns I heard on the news this morning is a possible looming downside to the milions of “working from home” and other U.S. remote workers. It is already being discuessed in some large companies. What is being discussed is “If having a certain body of (U.S.) work being done by remote/work-from-home workers, then can’t we just outsource them completely, even out of the U.S.?
>>If having a certain body of (U.S.) work being done by remote/work-from-home workers, then can’t we just outsource them completely, even out of the U.S.?
If the work is completely remote, and no on-site visits are required at all, then it can be remoted anywhere.
Medical transcription is a good example. The transcriber gets files of voice dictation by doctors, et al, and then sends back files of text. The transcriber is paid by the number of lines of text, minus a penalty for mistakes.
It can be done offshore provided you can hire transcribers who understand English, know medical terminology, drug names and so forth, and can handle all the accents that only nominally English-speaking doctors have.
However, medical transcription is also being more and more automated by AI driven speech to text.
I’d expect that the automation of remote-only jobs will be a major impact in future years. Customer self-service and automated business process workflow through eliminating workstations are key.
A missive went out from a company VP today encouraging "collaboration Wednesdays". Come into the physical office to interact with your co-workers. My co-workers are spread from Hawaii to Pennsylvania. The closest physical office with my actual co-workers is 920 miles south. There are company premises 55 miles north, but I don't know anyone who works there. The company is having a concern about all the real estate leased for office space that isn't getting used. The VP means well, but doesn't understand how broadly the teams are spread geographically. The last 3 contracts I've done have been 100% virtual. I never saw my co-workers in person. We spoke over Skype and shared slides. Bitbucket cared for source code. JIRA for tasking, Confluence for documentation. Some teams included Jenkins builds. All of that in cloud servers.
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