That sustainable spin is for shareholders and wallstreet. This going into the office for no reason is more about egos. Management just making sure you know who is the boss and who is the replaceable peon.
Copied from @rys+1lK9mwBQ. Their egos are ruining this place, plain and simple.
@obh, what tax breaks? Post some evidence of any tax breaks or they don't exist.
Yep, and all about the look at us posts on LinkedIn too
They want to keep their tax breaks the cities are giving them along with ego IMO.
in the meantime us regular middle class folks pay the price.
It’s also about Cities putting pressure on Corporations to get people back as they need the tax revenues to keep afloat. Businesses that depend on foot traffic are closing down, subway revenues down by 50%, bus companies closing routes, etc,. Things are going to get a lot worse before they get better.
Another classic case of screwing over the working class and the environment just to protect the enriched classes
RTO is not only about egos. It's also about commercial mortgages banks have in their books. No RTO > lower office occupancy rates > building owners not paying their mortgages > banks taking losses.
Even after COVID, the occupancy rate in Manhattan is 53-55%. This means 47-45% of trouble coming down soon.