this post was submitted on 10 Aug 2023
1128 points (98.6% liked)
Work Reform
10030 readers
339 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's not just the corporations renting those offices, it's the politicians of downtown areas that fear a downturn in tax revenue due to more empty offices and less people getting their daily coffee/lunch/after work drinks.
And of course, if everyone's working remotely, this means it's a lot easier to find a better job without even needing to leave the house to interview, which gives employees a better bargaining position (downside is that employers will start looking at employees in lower paying countries as well).
Tale as old as time
It's the commercial mortgage backed securities market.
Remember 2008 when they bundled up all those home mortgages that were based on shitty unpayable loans and sold off securities to retirement funds etc? But then people couldn't pay and the entire economy imploded resulting in massive bank failures?
Same deal. All those office space loans have been collateralized into securities. The 1% and the banking industry understand perfectly that if they don't force people to return to office, the entire system will implode again. Even after Dodd Frank the regulations on over the counter derivatives are still mostly non existent.
I wonder why they bother, considering they'll probably get bailed out again anyway.
There's always money in the banana stand
All of this is happening with my company as we speak. I actually did a remote interview today while on my lunch hour. And my current company has just rolled out plans for "clerical help" based out of India. I'm in the U.S.
The city of Seattle was literally crumbling before most of the major tech giants RTO.
Im not sure Republicans have had much control there in a few decades.
Republicans did a shitty job of planning New York City? When did this happen?
Eh, all those cities are Democrat run. Economically they're essentially the same.