Technology

59111 readers

4050 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

[email protected]

383

RTO doesn’t improve company value, but does make employees miserable: Study (arstechnica.com)

submitted 8 months ago by [email protected] to c/[email protected]

27 comments fedilink hide all child comments

RTO doesn’t improve company value, but does make employees miserable: Study::Data is consistent with bosses using RTO to reassert control and scapegoat workers.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 10 points 8 months ago

Has less to do with companies who rent and more to do with ones whom finance the construction of the building in the first place. It was a lot more common back in the day for companies like sears to build sky scrapers as a vanity project that they could park money into. Trump wasn't the only person in the real estate market advantageously overvaluing his properties.

Pretty much every sky scraper devoted to office space is a huge waste of money, and are rarely ever utilized anywhere near their capacity. It why so many NYC government agencies were located in the world trade center. The local government was basically helping achieve some of the capacity they approved for the project, helping make the wtc look more utilized that what it was.

There used to be a pseudo economic model that was surprisingly consistent. That anytime the newest tallest building in the world was announced, there would be some sort of recession within a couple years. It was seen as a sign that corporations were running out of productive places to stick their earnings.