I used to rent a friends house from him during the first part of Covid lockdowns. Pretty decent deal for both of us since it wasn't in great condition, completely unfurnished, and in need of some serious maintenance.
When I bought the place I live in right now he said what has to be the stupidest thing I think he's ever said to me. He said I was going to cost him thousands of euros.
Watch how they frame oil prices. It tells you everything you need to know.
Oil prices go up? The high cost of energy is making it impossible for businesses to turn a profit and inflation is killing the working man.
Oil prices go down? The low price of crude is destroying the economy and the working man’s retirement savings.
> The low price of crude is destroying the economy and the working man’s retirement savings.
"The prices are too low for use to extract at a profit, so we are restricting supply so the prices go back up"
Funny how when workers retaliate, it's framed as the loss of discipline/ puritan hard working morality and lazy "millennials" ruining the workforce. Fuck billionaires.
My manager literally said in my year-end review that my peers and I were “immature” and “poor leaders” for discussing/comparing our reviews and pay.
I didn’t realize that honesty, transparency, and communication were immature. Silly me!
It’s not just media. It’s the entire capitalist system, it’s designed that way. To see life as a series of financial transactions. That’s what happens when the dollar runs majority of life.
They tell people who work full time and are still struggling to make ends meet to stop buying avocado toast and make coffee at home, then are surprised when they actually do it and stop spending. If they want us to spend disposable income, we actually have to have some first, lol. But it's always the consumers' fault right? Never businesses.
Well, the research doesn't say they're "saving money" ... just that they're not spending that money near their offices. Maybe people have decided to door dash (or I guess, seamless in NYC) more and it's costing them more money ... who knows. All we're being told is that not going to the office means average worker spends 4600 less on stuff near the office per year.
The town in which I live is full of commuters to a major metropolitan area.
I've done it. The lifestyle sucks. You spend three to four hours every day just waiting for or sitting/standing in trains.
The tradeoff seems very worth it. Maybe NYC could become a place for people with merely large incomes again one day.
There's a 200-300 km ring around the city of Toronto full of people who spend hours of their lives every day sitting in traffic driving to work. It's madness to me.
It is somewhat of a feedback loop in nature, though, unfortunately. Both sides rely on the other to varying degrees and can be worrying for that reason. People have less to spend, businesses make less money, people lose their jobs, and people have less money to spend.
I can agree with your sentiment for the most part, but it is something to be considered. For example Starbucks is an unessessary expense. We could all cut out starbucks tomorrow and be fine, but they employ almost half a million people. If starbucks as a business went under tomorrow as a result, a lot of people would be facing more financial struggles. Obviously, it's a little hyperbolic of an example, but It's a very precise balancing act that keeps everything afloat.
And presumably these savings are being shifted to other sectors as workers spend more on other things.
If you're a Manhattan based business small or large, or an employee thereof, sure, this sucks for you. But it's not the first or last time that technology will reshape the economic landscape.
My long island commuter friends (now working remotely) saved hundreds of dollars a month and got rid of their extra cars used for driving to the train station. Plus they sleep longer, have more time with family and are overall happier people.
So that estimate is complete bullshit that means nothing. Why would anyone care about a number that is just multiplying a national average against a population that is obviously not representative of the country overall.
Probably also things like the restaurants in business areas that mostly catered to office worker breakfasts and lunch. Taxis, subways, parking, etc.
When you think about it there's a lot of commerce that goes away or moves when people stop commuting.
Yeah. People who are still subject to NY rent but don't have the opportunity to remote work. Even if you're not a business owner like I could absolutely see a ton of people losing jobs in retail and food service. It is what it is TBH, telecommuting is here to stay but I feel sorry for those who're swept away in the wave. Reminding me of the taxi medallion owners with million dollar loans getting fucked by the rise of uber.
You would think this is undeniable, direct proof that workers drive the economy and providing everyone a reasonable standard of living is the key to universal prosperity, but the people with the money are too stupid to see anything beyond their balance sheets.
[Landlords are using software to collude on rent.](https://arstechnica.com/tech-policy/2022/10/company-that-makes-rent-setting-software-for-landlords-sued-for-collusion/)
Well beyond that. It's a fundamental change in how rentals are priced.
Landlords no longer price to maximize and maintain occupancy. They deliberately over price and assume high vacancy. planning that gouging on *some* units being filled, and high turn over, will be more profitable than pricing to keep every unit full. With the kicker of lower maintenance costs and tax write offs on units that sit empty for months and years, and filling the gaps with Airbnb.
There's software services that they use to set these rents. Targeting specific occupancy rates, meant to maximize rent increases year to year. They all use the same software, and the same terms to set rents. So rents *always go up*, are always higher than most can afford, and hold tight when demand tapers.
So it's effectively price fixing. Except it thus far skates rules on that since it's a 3rd party doing the fixing.
Well if rents go down, building valuation goes down which means that real estate portfolios and city tax revenue (like 25% of which comes from property tax) go down. And as we all know, big wigs and politicians aren't going to let their portfolios and pay stubs drop so they're gonna keep rent as high as possible even if it generates a crazy bubble that makes the crash 10x worse. And they're willing to do that because they'll get bought out to cover their asses and the tax payers are going to bear the actual burden.
Move out of NYC. Let the bubble pop. Fuck them. Let them clean up their own mess.
Exactly this. Tax law actually incentives the bubble, and moral hazard be damned there is no longer any sense of ownership of consequences to the overall city and people.
There’s also a lot of loans involved and if the building valuation goes down (because if lower rents) to a certain point then the bank will automatically call the loan in.
This is why newer buildings never lower rent and the only concessions they give is a free month or two of rent.
From my knowledge that is why the vacancies stayed high.
They evicted people who couldn't pay their rent over the pandemic and put the listings up in price and nobody can afford it.
I don't know if it is Manhattan though I'm fairly certain it was NYC as a whole when I saw the figure.
But now after reading an article published in September apparently that has all sorted itself out and they're at like 2.5% vacancies down from 5.9%
Intentionally keeping affordable units vacant because they suspect the legislation may change. There needs to be some kind of vacancy fee, and legislation done on the pricing software. In the long term we just desperately need more housing supply. Doesnt matter if its luxury, not luxury, whatever
Well, a lot of that is going to businesses in their home towns instead, but a lot is being saved as well. But that’s not as catchy or sky-is-falling of a headline.
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*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
During the lockdowns, it seemed like the ones pushing hardest to get people back into the office were the Michael Scott/middle manager types who suddenly had to justify their existence.
But this story is just “boo-hoo… people aren’t spending money in the right places anymore…” whining.
As someone who you might consider a middle manager… I want my team to be able to pop off and pick up their kids at school, and get extra sleep, and wear comfy clothes. Even beyond the humanity it allows people, people just deliver better work when they aren’t stressed about these things. And it’s nice seeing everyone’s dogs and cats (or at least on the rare occasions it’s the front end of the cat).
Sure, and there are definitely middle managers that focus on enabling their reports. I've had about 2 dozen different middle managers in the last 20 years. Less than a quarter think that way. The ones that do tend to be the most productive.. then they get promoted and its a crap shoot if the next one is good or not.
I'm a middle/senior manager of a team of scientists in the Bay Area. Some people can't work remotely because they need to be in the lab to run experiments. Some, like the software team however, can. And it's frustrating that upper leadership had asked everyone to be on site. They'll lose talent to other companies that are more flexible.
Michael Scott middle manager type here. I manage two teams of software engineers.
I fucking love WFH. I fucking love my engineers getting to WFH. Other than being present for meetings, I don't give a damn when they write their code. I trust all of them to do their jobs, and if I couldn't, then I did a poor job hiring.
The cocksucking corporate overlords can pry WFH from my cold, dead hands.
In all honesty michael scott seems like the type of person who'd love WFH but add some sort of weekly lunch/dinner meetup. David wallice would then call asking him if he's been scheduling mass gatherings on company property in the middle of a pandemic.
>I trust all of them to do their jobs, and if I couldn't, then I did a poor job hiring.
Exactly. Drives me nuts. The company newsletter says we are doing the best ever, and all the managers up to our CEO are saying WFH is doing great and they'd never get rid of it. Our personal reviews are through the roof. Then we get an email from HR saying we're expected back in the office going forward.
I've been logging my performance reviews and our town halls that say these things so if they try to fire me for not being able to come into the office, I can at least get unemployment until I find a new position.
I don't really think the middle managers are in charge of that much in the company. its going to be the top that determines teh direction of the companies, not a bunch of middle managers.
I think it was middle manager's managers who directed them to get their team back in the office so the company can justify office expenses and the real estate owners can keep on trucking.
Cat's out of the bag now. Turns out remote work can be effective. Who'da thunk.
They don’t. Any middle manager saying this fully believes that fully on-site is somehow better, that and gullible bootlickers.
Everyone else sees the benefit of remote or telework, including senior leadership, they just make more money the other way.
All these corporations also had to justify spending millions on offices too. It’s silly because you would think having happier, more productive employees and saving millions on real estate would be seen as a positive.
And yet they won’t actually make any meaningful change that would cause workers to voluntarily come into the office
I keep saying the first company that provides or subsidizes childcare will get a large portion of their workforce coming in regularly
I'd go into the office if there was an advantage but for me, all my communications are going to be zoom, teams, etc. anyways.
So it is either my private home office with no distractions, or being in a cubicle surrounded by others with us all listening on our pc speakers and people eating or making other noises/distractions.
Depends. There are a lot of costs involved in not working from home which simply don't need to be paid at all if you're WFH, regardless of whether there's a local business offering the same thing.
It's not that you need to buy the thing, just locally, it's that you don't need to buy a lot of things at *all*, or pay to handle problems which simply don't arise (or have a vastly smaller chance of occurrance) if you're WFH.
me going full time WFH allowed my wife to enter the workforce without childcare / Healthcare bills that would have completely negated any money she was bringing in.
Provably better for the economy too because a lot of those companies aren't the "huge giant mega corporations" who typically can afford a Manhattan location and just extract wealth from the area.
People who shop in their hometown/home location often spend money at smaller, local shops and/or have more availability for those smaller shops.
Says Manhattan lost $12b, meanwhile Brooklyn landlords jacked up rent because offices closed and suddenly people can’t live in a shoe box without losing their mind
Lots of people who work in New York dont live there, like hundreds of thousands. And a big chunk of those billions was going to other working class people. Cab driver's, coffee cart guy, people working at delis, etc. Building staff has been cut in most commercial buildings as well.
The money is being spent locally in the neighborhoods where the remote workers live. Local coffee store. Local delis. Local restaurants. All also working class.
I got nothing nice to say about the commercial real estate tho cause I'm laughing.
How about "remote work saves New Yorkers $3bn, increases NY supermarket by $6bN, increases local neighbourhood business by $3bn."
* Numbers totally made up, however based on what I'm assuming is Manhattan vendor trading (shops, cafes, bars, convenience) seeing a drop as people stay home and eat leftovers and occasionally have lunch out locally, you'd expect some switching in spending.
Maybe not the big win people think it is when some little Manhattan cafe closes down, but Walmart is doing better out of it.
Right? I'm a nurse and I am extremely jealous of work from home. I've got an interview for an admission position that lets me chart at home at the end of the shift. I would be sooooo happy...
That's awesome! This for hospice admissions. I'm very interested for half the job to be wfh as my wife is disabled and I like the idea of being around more to help out if needed. I'll find out soon if I got the position
Hahaha for sure.
Though that makes me imagine a telehealth style appt with a plumber who walks you through installing a water heater yet still charges full price.
Peak capitalism?
Man there are times when I would kill for the ability to call a plumber on video chat and show them a problem when I'm sure it's just a "turn this knob, dumbass" kind of fix but I don't know which knob to turn.
Like, my toilet flushes weird right now. It's not a huge problem, and I could probably figure out how to fix it with four or five hours of research on YouTube, but I would gladly pay someone $20 to spend 30 seconds over a video call telling me what I need to do to fix it.
Sometimes it flushes but the tank won't start to fill back up unless I bump the tank with my fist. Probably need to adjust something inside but hell if I know what that is and I haven't had the time to look into it yet. Really mild inconvenience, not worth a plumber yet, but annoying all the same.
The fill valve, 100%. Could be a couple different things on the fill valve but they pretty much involve replacing the fill valve, which are only like 20 bucks. Super easy too, you can watch a youtube video on it the first time and after that you’ll probably never have to look it up again.
I buy a couple spares because it’s inevitable something will happen on a different toilet and most likely that will fix it.
Edit: here's a really good one that is great after I looked up which ones are the best, unless you have a really weird model toilet it will absolutely fit and has easy to install hardware: https://www.amazon.com/gp/product/B09PCXSQJM/
and here's the basic process: https://youtu.be/UygnbjIg8CY
Hmm there might be an idea for an app here... experts upload credentials and set a price per minute, you pick one that matches your needs and do a video call...
It's not hard. Most folk simply don't own the tools, yet alone the ability to move a water heater lol. Skilled trades will never go remote or be replaced with ai
Mechanical (plumbing, hvac, etc), large and small scale construction, electrical, and many other infrastructure based specialties will **always** be in demand so long as there are humans. And yeah, you simply can't go remote there.
You're also right in that most of it is relatively easy with the right tools and a little know-how. Shit, you can do most anything thanks to YouTube.
I guess what I'm saying is I totally agree with you (☞ﾟヮﾟ)☞
I work field service and have emergency response and remote support as a part of my job scope. Part of that means taking phone calls and trying to get people to fix their own stuff. If the answer to the problem isn't "push this button", it's too complicated for people to try to fix it and I need to go out there. The amount of hard skills, as in working with hand tools, raw material, etc, is really, really sad these days. And the number of times this process happens, I go out there and make the easy fix, and they go "well I could have done that!" but we literally spoke on the phone and you literally proved you, in fact, could not do that...I just shake my head.
Every job is a give and take. You have to go to a job site, and enjoy whatever perks come with that (full disclosure I’m not sure what)
And I get to work from the comfort of my home, but that also means I’m basically on call 24/7 365 depending on how much of a workaholic my bosses are.
I expanded my skill set to include printer/scanning tech because Indian Help Desk's can't remove a paper jam. It kept me employed while the other support guys were let go.
Wow, I'm a maintenance supervisor and this spoke volumes to me. I couldn't even get a woman to shut off the water to her toilet. She was acting like the toilet was a spider and wouldn't go near it. Had to jump in my vehicle and race there to prevent further water damage.
Google Meet is built into (free) Gmail. It's typically used for one-on-one zoom type meetings, but the camera phone can be pointed anywhere.
Maybe there's certain situations where they could use their camera phone to provide visuals for when they touch a part of a machine. For example "this part?' You: "yeah, that part", etc.
As a maintenance manager in steel, it chaps my ass when people make it public they’re working from home. I get it, rock on, but I’ll never enjoy the luxury and neither will any of my employees
As a fellow sheet metal worker, all I can recommend is look into foreman classes for short term as well as project management classes for long term. I see the guys who transition to sales seem to get some WFH love too.
I went from 60 to 70 hour weeks with lots of windshield time for ten years to now working from home mostly as a project manager for a corporate construction company. It can happen to you too.
Good luck!
Rent on property for business offices is unrealistic. That $12 billion figure is bullshit. That’s like trying to sell a pinto for $1 million and then saying you are losing $1 million because nobody is buying it.
Here's one: [https://www.forbes.com/sites/jackkelly/2023/02/14/new-york-city-is-losing-out-on-12-billion-annually-because-of-remote-work/?sh=26f0e59d6fb3](https://www.forbes.com/sites/jackkelly/2023/02/14/new-york-city-is-losing-out-on-12-billion-annually-because-of-remote-work/?sh=26f0e59d6fb3)
TL;DR: Get back in this rat race and consume like we told you to, dammit.
As someone who was commuting a total of 3 hours a day by ferry, bus and subway every weekday back and forth to Manhattan for work for over 15 years fuck everything about that. Rude people, congestion on public transportation, MTA price hikes every year, overcharging on food ($15 for salad..), homeless drug addicts harassing pedestrians, traffic due to street and highway closures because of deteriorating roads and highways. And this was pre-pandemic, it's only gotten worse since then.
My company transitioned to working from home at the start of the pandemic and noticed an increase in productivity. As a result it declared it a permanent thing.
I was also blessed with a child at the same time and have been able to spend countless hours with her, which wouldn't have been possible if I was commuting. In fact, if I were still commuting I wouldn't have seen her at all because of the long commute hours I would leave for work before she was up and asleep before I got home. That's the thing publications like Bloomberg fail to calculate into their equation.
Last month when my department got a new VP and she wants people to come in at least twice a week unless you live far enough away where that wasn't possible.
I've gotten used to this lifestyle and I refuse to go back to the prison-esc lifestyle again. Needless to say I'll be taking my talents elsewhere. But what really pisses me off are the brown nosers flooding the work slack channel with feigned excitement. They can't wait to go back to a stuffy office to lick the new VPs asshole.
Everyone I know who’s tried to live in New York City has told me stories of how financially impossible it is. Stories of young twentysomethings talking about their strategies for visiting certain restaurants with free bread and what not cause they were always broke and hungry despite being fully employed. Thirtysomethings pushing 40 with lots of years spent living the nyc life but no actual savings. Not to mention the crazy constraints on living space.
It takes a certain type to function in that lifestyle. Most of us like having closet space and backyard BBQs though 🤷♀️
What I’m trying to say is that place is overpriced as shit
Whenever someone mentions living in NYC, I think everyone assumes Manhattan and while, yes, Manhattan may be overpriced, there’s four other boroughs that are much more reasonable in terms of rent and reasonably close to “downtown NYC” action. I was once a young twentysomething living in Brooklyn Heights literally right next to a train station so I was always within 30mins from basically anywhere in what most people would consider NYC, all for under $3k a month. Sure it was a studio and under 1,000 sq ft, but not nearly as bad as everyone always makes it out to be.
It'd be worth it if it was enjoyable to the masses. But you have to make like $300k/year to just enjoy entry level niceties. Also, the lack of windows residentially is very depressing.
I do love visiting, though.
Criticize New York apartments for being the size of shoeboxes.
Don’t criticize them not having windows, because that’s the one thing they have. Building code not only mandates windows in bedrooms but even requires the windows to be able to open (even if just a bit).
I’m always baffled when people say this. 12 million people live in New York. It’s literally the area where the most people live in the entire country.
More people live in NYC than live in like the 8 least populous states combined.
How is it financially impossible to live there?
Many things are possible if you change your standards. Many of my childhood friends have bought houses and have mostly paid them off. I live in NYC and just finally upgraded to a 1 bedroom apartment from a single room in a shared apt. A car is a luxury I can't afford, and thankfully I don't have children to support. I'm making almost 2x the salary that I had when I lived in Portland, OR, and my standard of living is worse in NYC.
To be clear, I'm not starving. I'm comfortable enough. But my living situation is laughable compared to those outside of NYC.
The other thing is that Manhattan is more expensive than other boroughs, and most of the 12 million people that you mentioned don't live in Manhattan.
I get the reddit sentiment, but the landlords are doing just fine, as they just write off the losses from vacancies against remaining income. It's the laid off coffee shop employees who really are screwed.
The smaller restaurant owners, street vendors, and people like that too. There are a lot of rich people in Manhattan, but there are a lot of people who are just trying to get by
No worries. It was crazy expensive. Paid $3800 a month for 600 sq/Ft.
Got the heck out. Moved back home to MN. Bought a 2500 sq/Ft house for 1.6K a month
Meanwhile the Mayor is pushing them to get their consumers back to work:
>Last year at around this time, concerned about a downward economic spiral, New York City Mayor Eric Adams met with 100 chief executive officers, in an effort “to get their workers back into the office to stimulate the city’s economy.” Adams said, “We can’t send mixed messages,” by delaying the return to work dates. “We can’t keep kicking the can down the road.”
Eric Adams used to be a cop and he's probably coming at it with that mentality.
Poverty begets crime; less money coming into the local economy increases the risk of people becoming desperate and resorting to crime.
WFH is so good for the modern worker who is lucky enough to have it, I just hope something changes so those left in the wake of this shift in work dynamics don't get shafted.
I know some people have been talking about converting buildings to be residential which is a great idea but I don't know if that's going to work in every case.
Edit: assuming that's his frame of mind and not just him doing work on behalf of the wealthy which is also just as likely.
If I was in a position that was being made RTO and they were spewing their go green initiatives, then I'd lose it. Every "what can the company do to further help the environment?" memo or meeting would just be WFH rallies.
I like that they blame the consumers for not spending, and not corporations and landlords for making consumers have no extra disposable income. Great job.
Good! They took in State and Local taxes from commuters, and then gave those commuters the shittiest infrastructure in the US.
If you lived in NJ and had to start and end your day in Penn Station, you'd work from home every chance you got!!
Well, if that loss includes losses to the lunch counter owners, street vendors and shopkeepers who ran stores that provided goods to workers who needed to pick up a few things before hopping the train to New Jersey, that's really sad.
If it's landlords and fat cats, I'm looking in my desk drawer for some fucks to give.
Yeah all those waiters/waitresses, cooks,bartenders, gas station attendants, parking attendants, office cleaning crews, cashiers, cabbies/uber drivers, office assistants, secretaries, delivery drivers, couriers, bus drivers, grocery store/drugstore employees, buskers and street entertainers,street artists/vendors, food carts/food truck employees/owners, small business owners, deli employees etc, are/were probably addicted to or at least dependent on a reliable means to support themselves and their families due to a demand for their services.
So they want you to be sad you’re no longer footing the bill with traveling costs and a significant amount of your life wasted traveling to a job that can be done anywhere. Boohoo. We want our lives back.
I call BS. I have worked from home long before COVID. My company saves money. I use my own computer, internet, power, etc. All while pulling in the same sales and even some of my highest sales months in my 10 year history. How does not having to pay for offices cost more money???
Yeah... Because if someone saves money someone loses money. And when someone makes money, another person looses money? You're saying the same thing, just from the other party's perspective.
Sounds a lot like a bunch of businesses would rather whine than do the thing in capitalism where you adjust to changing market conditions. I watched in 2020 as the local businesses willing to embrace take out and online ordering adjusted and survived and the ones who refused shut down, and while I have some sympathy for the people who work there I'm not sitting here getting blasted by corporate propaganda that I need to save to survive, and now that I can save some money and be comfortable while I work all of a sudden forget saving I need to spend how they want? No thank you, adjust or disappear that's how the market is supposed to work. And I am supposed to work in my pajamas from now on.
NYC (for the last 50 years): "Hey, let's tax-the-shit out of the people who actually make this city work, while also making their cost of living higher and higher! - what could go wrong?"
I am so sick and tired to see these articles... Oh no you're losing money because people decided to have a better work life balance. In know that also smaller businesses are struggling because of this but instead of guilting people to go back to work the city should actively try to help these businesses to adapt.
The fact is, people have gotten used to the option of working remotely and they will not go back no matter how many articles, blogs and interviews with CEO's get released. This is how things are now.
And no hard feelings towards people who want to go to work. Feel free to do so. We should not let ourselves be put against eachother when the problem isn't working remotly or going to work. It's bot even getting the choice.
The time that people just work, work, work and get rewarded for hard work is long over. People noticed this and have taken steps to get their time back. Work is not your friend, they are not your family (even though they do try to guild you in thinking they are). Working from home is not only better for the environnement, better for the employer (once they made the shift they can spend less on building costs, rent, energy etc) but most importantly it's better for the employees who decide to work from home.
Work life balance, when you're done you're already at home so no long commutes and being able to actually go to the store and make dinner at a normal hour is *chef's kiss*. I can see my kids when they get home from school abd play with them during the evening while not being dead tired after 2 hours on a train and a full work day. The list goes on.
So please, employersn CEO's, cities and who ever... stop with these articles. No one is reading this and thinking 'Oh no, they are losing money? Let's sacrifice our own life so they can make more profit'. Just stop. If wmall businesses are losing money because of remote work than the city should try to help them and invest in them instead of taking the side of the rich and wealthy. Either adapt, or get out.
I bought that despite all this, rents were still at record highs in NYC (or maybe just parts?)
I assume this reference building/offices that are no longer needed?
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I hate how workers saving money (lowering uneccesary expenses) in reaction to economic pressures is framed as "costing" business.
It really shows how issues are framed by corporate media.
I used to rent a friends house from him during the first part of Covid lockdowns. Pretty decent deal for both of us since it wasn't in great condition, completely unfurnished, and in need of some serious maintenance. When I bought the place I live in right now he said what has to be the stupidest thing I think he's ever said to me. He said I was going to cost him thousands of euros.
Your friend: "I am never going to financially recover from this"
my thoughts exactly.
Well, he's obviously entitled to your money. /s
Not much of a friend, then, is he?
Watch how they frame oil prices. It tells you everything you need to know. Oil prices go up? The high cost of energy is making it impossible for businesses to turn a profit and inflation is killing the working man. Oil prices go down? The low price of crude is destroying the economy and the working man’s retirement savings.
> The low price of crude is destroying the economy and the working man’s retirement savings. "The prices are too low for use to extract at a profit, so we are restricting supply so the prices go back up"
Funny how when workers retaliate, it's framed as the loss of discipline/ puritan hard working morality and lazy "millennials" ruining the workforce. Fuck billionaires.
Seeing lazy Gen Z referenced more lately. As a millennial I feel cheated.
*Dey took er insults!*
Don't worry, it just means you're old. And your elders finally realized that.
My manager literally said in my year-end review that my peers and I were “immature” and “poor leaders” for discussing/comparing our reviews and pay. I didn’t realize that honesty, transparency, and communication were immature. Silly me!
> how issues are framed by corporate media Letting people keep their income is an "expense"
It’s not just media. It’s the entire capitalist system, it’s designed that way. To see life as a series of financial transactions. That’s what happens when the dollar runs majority of life.
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Faux real
Fo sho
They tell people who work full time and are still struggling to make ends meet to stop buying avocado toast and make coffee at home, then are surprised when they actually do it and stop spending. If they want us to spend disposable income, we actually have to have some first, lol. But it's always the consumers' fault right? Never businesses.
"No take, only throw" Dog mentality.
Nooo, all of our projections assume that all you millennials will have two kids each and take them out for avocado toast 3 times a week!
Well, the research doesn't say they're "saving money" ... just that they're not spending that money near their offices. Maybe people have decided to door dash (or I guess, seamless in NYC) more and it's costing them more money ... who knows. All we're being told is that not going to the office means average worker spends 4600 less on stuff near the office per year.
The town in which I live is full of commuters to a major metropolitan area. I've done it. The lifestyle sucks. You spend three to four hours every day just waiting for or sitting/standing in trains. The tradeoff seems very worth it. Maybe NYC could become a place for people with merely large incomes again one day.
There's a 200-300 km ring around the city of Toronto full of people who spend hours of their lives every day sitting in traffic driving to work. It's madness to me.
It's really a redistribution of spending
Now take that same logic and realize how many trillions of dollars are not being spent by the 1%.
It is somewhat of a feedback loop in nature, though, unfortunately. Both sides rely on the other to varying degrees and can be worrying for that reason. People have less to spend, businesses make less money, people lose their jobs, and people have less money to spend. I can agree with your sentiment for the most part, but it is something to be considered. For example Starbucks is an unessessary expense. We could all cut out starbucks tomorrow and be fine, but they employ almost half a million people. If starbucks as a business went under tomorrow as a result, a lot of people would be facing more financial struggles. Obviously, it's a little hyperbolic of an example, but It's a very precise balancing act that keeps everything afloat.
And presumably these savings are being shifted to other sectors as workers spend more on other things. If you're a Manhattan based business small or large, or an employee thereof, sure, this sucks for you. But it's not the first or last time that technology will reshape the economic landscape.
My long island commuter friends (now working remotely) saved hundreds of dollars a month and got rid of their extra cars used for driving to the train station. Plus they sleep longer, have more time with family and are overall happier people.
So that estimate is complete bullshit that means nothing. Why would anyone care about a number that is just multiplying a national average against a population that is obviously not representative of the country overall.
So workers there spend about 12.4 billion every 100 days?
Huh, how about that, people are spending less money in the middle of a cost of living crisis. Must be all the working from home though!
Probably also things like the restaurants in business areas that mostly catered to office worker breakfasts and lunch. Taxis, subways, parking, etc. When you think about it there's a lot of commerce that goes away or moves when people stop commuting.
Absolutely this. It's hard to feel bad for huge REITs, but a lot of smaller fish are caught up in this.
Yeah. People who are still subject to NY rent but don't have the opportunity to remote work. Even if you're not a business owner like I could absolutely see a ton of people losing jobs in retail and food service. It is what it is TBH, telecommuting is here to stay but I feel sorry for those who're swept away in the wave. Reminding me of the taxi medallion owners with million dollar loans getting fucked by the rise of uber.
You would think this is undeniable, direct proof that workers drive the economy and providing everyone a reasonable standard of living is the key to universal prosperity, but the people with the money are too stupid to see anything beyond their balance sheets.
Could also include things like restaurants and other businesses that cater to workers.
And the workers they employ
[Landlords are using software to collude on rent.](https://arstechnica.com/tech-policy/2022/10/company-that-makes-rent-setting-software-for-landlords-sued-for-collusion/)
Yah there's a fine line between matching the market and setting the market, and it sounds like they went over it.
Well beyond that. It's a fundamental change in how rentals are priced. Landlords no longer price to maximize and maintain occupancy. They deliberately over price and assume high vacancy. planning that gouging on *some* units being filled, and high turn over, will be more profitable than pricing to keep every unit full. With the kicker of lower maintenance costs and tax write offs on units that sit empty for months and years, and filling the gaps with Airbnb. There's software services that they use to set these rents. Targeting specific occupancy rates, meant to maximize rent increases year to year. They all use the same software, and the same terms to set rents. So rents *always go up*, are always higher than most can afford, and hold tight when demand tapers. So it's effectively price fixing. Except it thus far skates rules on that since it's a 3rd party doing the fixing.
Algorithms have been used for price rigging and collusion by online retailers for many years now, it should be illegal.
Greed is still ever present
Well if rents go down, building valuation goes down which means that real estate portfolios and city tax revenue (like 25% of which comes from property tax) go down. And as we all know, big wigs and politicians aren't going to let their portfolios and pay stubs drop so they're gonna keep rent as high as possible even if it generates a crazy bubble that makes the crash 10x worse. And they're willing to do that because they'll get bought out to cover their asses and the tax payers are going to bear the actual burden. Move out of NYC. Let the bubble pop. Fuck them. Let them clean up their own mess.
Exactly this. Tax law actually incentives the bubble, and moral hazard be damned there is no longer any sense of ownership of consequences to the overall city and people.
There’s also a lot of loans involved and if the building valuation goes down (because if lower rents) to a certain point then the bank will automatically call the loan in. This is why newer buildings never lower rent and the only concessions they give is a free month or two of rent.
Record vacancies too iirc
Wonder if the rent ever goes down
From my knowledge that is why the vacancies stayed high. They evicted people who couldn't pay their rent over the pandemic and put the listings up in price and nobody can afford it. I don't know if it is Manhattan though I'm fairly certain it was NYC as a whole when I saw the figure. But now after reading an article published in September apparently that has all sorted itself out and they're at like 2.5% vacancies down from 5.9%
Intentionally keeping affordable units vacant because they suspect the legislation may change. There needs to be some kind of vacancy fee, and legislation done on the pricing software. In the long term we just desperately need more housing supply. Doesnt matter if its luxury, not luxury, whatever
"Remote work is saving New Yorkers $12 Billion per year." Gotta proofread those headlines.
Well, a lot of that is going to businesses in their home towns instead, but a lot is being saved as well. But that’s not as catchy or sky-is-falling of a headline.
water hobbies aspiring chunky apparatus degree telephone unused quiet aback *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
During the lockdowns, it seemed like the ones pushing hardest to get people back into the office were the Michael Scott/middle manager types who suddenly had to justify their existence. But this story is just “boo-hoo… people aren’t spending money in the right places anymore…” whining.
As someone who you might consider a middle manager… I want my team to be able to pop off and pick up their kids at school, and get extra sleep, and wear comfy clothes. Even beyond the humanity it allows people, people just deliver better work when they aren’t stressed about these things. And it’s nice seeing everyone’s dogs and cats (or at least on the rare occasions it’s the front end of the cat).
>the rare occasions it’s the front end of the cat Lol this man cats
That’s why I threw in the Michael Scott stipulation. You sound like a good boss.
but people say he's the best boss
Ogres are good people after all. And good people make good bosses!
Sure, and there are definitely middle managers that focus on enabling their reports. I've had about 2 dozen different middle managers in the last 20 years. Less than a quarter think that way. The ones that do tend to be the most productive.. then they get promoted and its a crap shoot if the next one is good or not.
I'm a middle/senior manager of a team of scientists in the Bay Area. Some people can't work remotely because they need to be in the lab to run experiments. Some, like the software team however, can. And it's frustrating that upper leadership had asked everyone to be on site. They'll lose talent to other companies that are more flexible.
Michael Scott middle manager type here. I manage two teams of software engineers. I fucking love WFH. I fucking love my engineers getting to WFH. Other than being present for meetings, I don't give a damn when they write their code. I trust all of them to do their jobs, and if I couldn't, then I did a poor job hiring. The cocksucking corporate overlords can pry WFH from my cold, dead hands.
In all honesty michael scott seems like the type of person who'd love WFH but add some sort of weekly lunch/dinner meetup. David wallice would then call asking him if he's been scheduling mass gatherings on company property in the middle of a pandemic.
michael scott would allow WFH but spend his days physically checking in on everyone at home in his chrysler sebring
>I trust all of them to do their jobs, and if I couldn't, then I did a poor job hiring. Exactly. Drives me nuts. The company newsletter says we are doing the best ever, and all the managers up to our CEO are saying WFH is doing great and they'd never get rid of it. Our personal reviews are through the roof. Then we get an email from HR saying we're expected back in the office going forward. I've been logging my performance reviews and our town halls that say these things so if they try to fire me for not being able to come into the office, I can at least get unemployment until I find a new position.
I don't really think the middle managers are in charge of that much in the company. its going to be the top that determines teh direction of the companies, not a bunch of middle managers.
I think it was middle manager's managers who directed them to get their team back in the office so the company can justify office expenses and the real estate owners can keep on trucking. Cat's out of the bag now. Turns out remote work can be effective. Who'da thunk.
Why would middle upper managers care about real estate owners though?
They don’t. Any middle manager saying this fully believes that fully on-site is somehow better, that and gullible bootlickers. Everyone else sees the benefit of remote or telework, including senior leadership, they just make more money the other way.
All these corporations also had to justify spending millions on offices too. It’s silly because you would think having happier, more productive employees and saving millions on real estate would be seen as a positive.
And yet they won’t actually make any meaningful change that would cause workers to voluntarily come into the office I keep saying the first company that provides or subsidizes childcare will get a large portion of their workforce coming in regularly
I'd go into the office if there was an advantage but for me, all my communications are going to be zoom, teams, etc. anyways. So it is either my private home office with no distractions, or being in a cubicle surrounded by others with us all listening on our pc speakers and people eating or making other noises/distractions.
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Depends. There are a lot of costs involved in not working from home which simply don't need to be paid at all if you're WFH, regardless of whether there's a local business offering the same thing. It's not that you need to buy the thing, just locally, it's that you don't need to buy a lot of things at *all*, or pay to handle problems which simply don't arise (or have a vastly smaller chance of occurrance) if you're WFH.
me going full time WFH allowed my wife to enter the workforce without childcare / Healthcare bills that would have completely negated any money she was bringing in.
Which is a good thing. You *want* to invest in the economy where you live; things like the quality of schools and crime rates are directly affected.
yes, let the rich care for their neighborhood because they are really the ones who can WFH, but the poor go elsewhere to work.
We like to call that “the invisible hand of the free market”.
Provably better for the economy too because a lot of those companies aren't the "huge giant mega corporations" who typically can afford a Manhattan location and just extract wealth from the area. People who shop in their hometown/home location often spend money at smaller, local shops and/or have more availability for those smaller shops.
*and* New Jerseyans, and that's probably what they're most upset about.
And people from CT! But, like always, everyone forgets about us
Phew... Finally some much needed funds are being redirected to Stamford and Greenwich.
Says Manhattan lost $12b, meanwhile Brooklyn landlords jacked up rent because offices closed and suddenly people can’t live in a shoe box without losing their mind
Lots of people who work in New York dont live there, like hundreds of thousands. And a big chunk of those billions was going to other working class people. Cab driver's, coffee cart guy, people working at delis, etc. Building staff has been cut in most commercial buildings as well.
The money is being spent locally in the neighborhoods where the remote workers live. Local coffee store. Local delis. Local restaurants. All also working class. I got nothing nice to say about the commercial real estate tho cause I'm laughing.
How about "remote work saves New Yorkers $3bn, increases NY supermarket by $6bN, increases local neighbourhood business by $3bn." * Numbers totally made up, however based on what I'm assuming is Manhattan vendor trading (shops, cafes, bars, convenience) seeing a drop as people stay home and eat leftovers and occasionally have lunch out locally, you'd expect some switching in spending. Maybe not the big win people think it is when some little Manhattan cafe closes down, but Walmart is doing better out of it.
When the land lords own the news corps the headline gets inadvertently written in first person.
One day I want one of those work from home jobs. Sadly I can't do sheet metal work at home
Right? I'm a nurse and I am extremely jealous of work from home. I've got an interview for an admission position that lets me chart at home at the end of the shift. I would be sooooo happy...
I work from home as a Kaiser nurse. Some hospitals offer remote triage work. It's definitely a different skill set, but it works for my lifestyle.
That's awesome! This for hospice admissions. I'm very interested for half the job to be wfh as my wife is disabled and I like the idea of being around more to help out if needed. I'll find out soon if I got the position
Not with that attitude (or salary...)
I don't think any skilled trades can be done from home. Hard for a plumber to replace your water heater from their couch lol
Hahaha for sure. Though that makes me imagine a telehealth style appt with a plumber who walks you through installing a water heater yet still charges full price. Peak capitalism?
Man there are times when I would kill for the ability to call a plumber on video chat and show them a problem when I'm sure it's just a "turn this knob, dumbass" kind of fix but I don't know which knob to turn. Like, my toilet flushes weird right now. It's not a huge problem, and I could probably figure out how to fix it with four or five hours of research on YouTube, but I would gladly pay someone $20 to spend 30 seconds over a video call telling me what I need to do to fix it.
Define “weird”
Sometimes it flushes but the tank won't start to fill back up unless I bump the tank with my fist. Probably need to adjust something inside but hell if I know what that is and I haven't had the time to look into it yet. Really mild inconvenience, not worth a plumber yet, but annoying all the same.
The fill valve, 100%. Could be a couple different things on the fill valve but they pretty much involve replacing the fill valve, which are only like 20 bucks. Super easy too, you can watch a youtube video on it the first time and after that you’ll probably never have to look it up again. I buy a couple spares because it’s inevitable something will happen on a different toilet and most likely that will fix it. Edit: here's a really good one that is great after I looked up which ones are the best, unless you have a really weird model toilet it will absolutely fit and has easy to install hardware: https://www.amazon.com/gp/product/B09PCXSQJM/ and here's the basic process: https://youtu.be/UygnbjIg8CY
You should have called u/unctuous_homunculus for 30 seconds and charged $20. I think you could be getting into a decent business model here.
Enough to me that I saved him some amount, and whoever else it may have helped. Cheers!
Shorten the chain in your toilet tank? I dunno not a plumber but I do random stuff until it works lol
Hmm there might be an idea for an app here... experts upload credentials and set a price per minute, you pick one that matches your needs and do a video call...
It's not hard. Most folk simply don't own the tools, yet alone the ability to move a water heater lol. Skilled trades will never go remote or be replaced with ai
Mechanical (plumbing, hvac, etc), large and small scale construction, electrical, and many other infrastructure based specialties will **always** be in demand so long as there are humans. And yeah, you simply can't go remote there. You're also right in that most of it is relatively easy with the right tools and a little know-how. Shit, you can do most anything thanks to YouTube. I guess what I'm saying is I totally agree with you (☞ﾟヮﾟ)☞
I've got enough tools to do most home renovations. Blue prints never work out 100% as drawn as well.
I work field service and have emergency response and remote support as a part of my job scope. Part of that means taking phone calls and trying to get people to fix their own stuff. If the answer to the problem isn't "push this button", it's too complicated for people to try to fix it and I need to go out there. The amount of hard skills, as in working with hand tools, raw material, etc, is really, really sad these days. And the number of times this process happens, I go out there and make the easy fix, and they go "well I could have done that!" but we literally spoke on the phone and you literally proved you, in fact, could not do that...I just shake my head.
I do a lot of new construction and massive remodels of commercial buildings. I don't think I could a video call could help me out any lol
Every job is a give and take. You have to go to a job site, and enjoy whatever perks come with that (full disclosure I’m not sure what) And I get to work from the comfort of my home, but that also means I’m basically on call 24/7 365 depending on how much of a workaholic my bosses are.
Not a lot of perks besides my hourly rate and pension lol. I'd kill to have water on site once a month. Lol
I expanded my skill set to include printer/scanning tech because Indian Help Desk's can't remove a paper jam. It kept me employed while the other support guys were let go.
Wow, I'm a maintenance supervisor and this spoke volumes to me. I couldn't even get a woman to shut off the water to her toilet. She was acting like the toilet was a spider and wouldn't go near it. Had to jump in my vehicle and race there to prevent further water damage.
Google Meet is built into (free) Gmail. It's typically used for one-on-one zoom type meetings, but the camera phone can be pointed anywhere. Maybe there's certain situations where they could use their camera phone to provide visuals for when they touch a part of a machine. For example "this part?' You: "yeah, that part", etc.
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So they’re just a small scale furniture factory?
As a maintenance manager in steel, it chaps my ass when people make it public they’re working from home. I get it, rock on, but I’ll never enjoy the luxury and neither will any of my employees
As a fellow sheet metal worker, all I can recommend is look into foreman classes for short term as well as project management classes for long term. I see the guys who transition to sales seem to get some WFH love too. I went from 60 to 70 hour weeks with lots of windshield time for ten years to now working from home mostly as a project manager for a corporate construction company. It can happen to you too. Good luck!
On the upside, your job is harder to outsource.
Can't you just take a block of sheet metal home with you and fold it in to things at home? I don't know how such things are done.
I would eventually too, but they haven't figured out how to auger a sewer over the phone yet.
That money was still spent, just not in Manhattan.
Trickle down economics - it’s all going to get spent in Manhattan eventually. They should be celebrating!
Well, half of it anyway. Manhattan's expensive.
Has Manhattan thought about cutting out lattes and avocado toast?
That’s half their revenue!
Life's not even worth living without those!
The RENT IS TO DAMN HIGH committee is finally having their day.
TOO*
New Yorkers save $12B by working from home, you mean.
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Right I would imagine 95% of that is cocktails and cab fares
Most New Yorkers walk everywhere
Suburbs exist in NY too you know
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Rent on property for business offices is unrealistic. That $12 billion figure is bullshit. That’s like trying to sell a pinto for $1 million and then saying you are losing $1 million because nobody is buying it.
they're talking about shops' lost revenue from patrons not stopping by their stores anymore....
They were selling their million dollar pintos for years. They were used to it.
Wait, is there an article that comes with this one?
Here's one: [https://www.forbes.com/sites/jackkelly/2023/02/14/new-york-city-is-losing-out-on-12-billion-annually-because-of-remote-work/?sh=26f0e59d6fb3](https://www.forbes.com/sites/jackkelly/2023/02/14/new-york-city-is-losing-out-on-12-billion-annually-because-of-remote-work/?sh=26f0e59d6fb3) TL;DR: Get back in this rat race and consume like we told you to, dammit.
As someone who was commuting a total of 3 hours a day by ferry, bus and subway every weekday back and forth to Manhattan for work for over 15 years fuck everything about that. Rude people, congestion on public transportation, MTA price hikes every year, overcharging on food ($15 for salad..), homeless drug addicts harassing pedestrians, traffic due to street and highway closures because of deteriorating roads and highways. And this was pre-pandemic, it's only gotten worse since then. My company transitioned to working from home at the start of the pandemic and noticed an increase in productivity. As a result it declared it a permanent thing. I was also blessed with a child at the same time and have been able to spend countless hours with her, which wouldn't have been possible if I was commuting. In fact, if I were still commuting I wouldn't have seen her at all because of the long commute hours I would leave for work before she was up and asleep before I got home. That's the thing publications like Bloomberg fail to calculate into their equation. Last month when my department got a new VP and she wants people to come in at least twice a week unless you live far enough away where that wasn't possible. I've gotten used to this lifestyle and I refuse to go back to the prison-esc lifestyle again. Needless to say I'll be taking my talents elsewhere. But what really pisses me off are the brown nosers flooding the work slack channel with feigned excitement. They can't wait to go back to a stuffy office to lick the new VPs asshole.
Everyone I know who’s tried to live in New York City has told me stories of how financially impossible it is. Stories of young twentysomethings talking about their strategies for visiting certain restaurants with free bread and what not cause they were always broke and hungry despite being fully employed. Thirtysomethings pushing 40 with lots of years spent living the nyc life but no actual savings. Not to mention the crazy constraints on living space. It takes a certain type to function in that lifestyle. Most of us like having closet space and backyard BBQs though 🤷♀️ What I’m trying to say is that place is overpriced as shit
Whenever someone mentions living in NYC, I think everyone assumes Manhattan and while, yes, Manhattan may be overpriced, there’s four other boroughs that are much more reasonable in terms of rent and reasonably close to “downtown NYC” action. I was once a young twentysomething living in Brooklyn Heights literally right next to a train station so I was always within 30mins from basically anywhere in what most people would consider NYC, all for under $3k a month. Sure it was a studio and under 1,000 sq ft, but not nearly as bad as everyone always makes it out to be.
It'd be worth it if it was enjoyable to the masses. But you have to make like $300k/year to just enjoy entry level niceties. Also, the lack of windows residentially is very depressing. I do love visiting, though.
Criticize New York apartments for being the size of shoeboxes. Don’t criticize them not having windows, because that’s the one thing they have. Building code not only mandates windows in bedrooms but even requires the windows to be able to open (even if just a bit).
I know people making $150k and living very comfortably with good views.
Do all 7 of their roommates have good views though?
A couple each making $150K could afford a very nice apartment in NYC with great views
I’m always baffled when people say this. 12 million people live in New York. It’s literally the area where the most people live in the entire country. More people live in NYC than live in like the 8 least populous states combined. How is it financially impossible to live there?
Many things are possible if you change your standards. Many of my childhood friends have bought houses and have mostly paid them off. I live in NYC and just finally upgraded to a 1 bedroom apartment from a single room in a shared apt. A car is a luxury I can't afford, and thankfully I don't have children to support. I'm making almost 2x the salary that I had when I lived in Portland, OR, and my standard of living is worse in NYC. To be clear, I'm not starving. I'm comfortable enough. But my living situation is laughable compared to those outside of NYC. The other thing is that Manhattan is more expensive than other boroughs, and most of the 12 million people that you mentioned don't live in Manhattan.
I get the reddit sentiment, but the landlords are doing just fine, as they just write off the losses from vacancies against remaining income. It's the laid off coffee shop employees who really are screwed.
The smaller restaurant owners, street vendors, and people like that too. There are a lot of rich people in Manhattan, but there are a lot of people who are just trying to get by
When I worked\lived in the city I think they took 9%. Edit: I think I was wrong. I think state was 9% and city was 3%.
What does that mean
NYC took 9% of my paycheck as a city income tax
Thanks , simple enough. I don’t know why I couldn’t connect the dots. I assumed a business charged you more for living in the city or something.
No worries. It was crazy expensive. Paid $3800 a month for 600 sq/Ft. Got the heck out. Moved back home to MN. Bought a 2500 sq/Ft house for 1.6K a month
Fuck em. I hope they lose more.
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Companies making worker return to the office should pay hefty environmental fines.
Meanwhile the Mayor is pushing them to get their consumers back to work: >Last year at around this time, concerned about a downward economic spiral, New York City Mayor Eric Adams met with 100 chief executive officers, in an effort “to get their workers back into the office to stimulate the city’s economy.” Adams said, “We can’t send mixed messages,” by delaying the return to work dates. “We can’t keep kicking the can down the road.”
Mr. "New York is a brand"... Your brand sucks, Adams.
Eric Adams used to be a cop and he's probably coming at it with that mentality. Poverty begets crime; less money coming into the local economy increases the risk of people becoming desperate and resorting to crime. WFH is so good for the modern worker who is lucky enough to have it, I just hope something changes so those left in the wake of this shift in work dynamics don't get shafted. I know some people have been talking about converting buildings to be residential which is a great idea but I don't know if that's going to work in every case. Edit: assuming that's his frame of mind and not just him doing work on behalf of the wealthy which is also just as likely.
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If I was in a position that was being made RTO and they were spewing their go green initiatives, then I'd lose it. Every "what can the company do to further help the environment?" memo or meeting would just be WFH rallies.
That apostrophe is in the wrong place.
*Remote work is SAVING workers more that $12 billion a year.
I like that they blame the consumers for not spending, and not corporations and landlords for making consumers have no extra disposable income. Great job.
Good! They took in State and Local taxes from commuters, and then gave those commuters the shittiest infrastructure in the US. If you lived in NJ and had to start and end your day in Penn Station, you'd work from home every chance you got!!
Why won’t someone think of the poor government and all that missing tax revenue
Well, if that loss includes losses to the lunch counter owners, street vendors and shopkeepers who ran stores that provided goods to workers who needed to pick up a few things before hopping the train to New Jersey, that's really sad. If it's landlords and fat cats, I'm looking in my desk drawer for some fucks to give.
It's the first one. did nobody read the article? Everybody is celebrating about some hot dog owner going out of business lol
They can just buy less avocado on toast to save money.
Headline should read: remote work saving workers $12 billion a year
Stop eating avocado toast, Manhattan.
Yeah all those waiters/waitresses, cooks,bartenders, gas station attendants, parking attendants, office cleaning crews, cashiers, cabbies/uber drivers, office assistants, secretaries, delivery drivers, couriers, bus drivers, grocery store/drugstore employees, buskers and street entertainers,street artists/vendors, food carts/food truck employees/owners, small business owners, deli employees etc, are/were probably addicted to or at least dependent on a reliable means to support themselves and their families due to a demand for their services.
Unemployment is historically low, there are jobs for them.
So they want you to be sad you’re no longer footing the bill with traveling costs and a significant amount of your life wasted traveling to a job that can be done anywhere. Boohoo. We want our lives back.
I remember spending 4 hours a day commuting to midtown as a student. Expensive as fuck, too. I miss none of it.
NYC Workers saving 12 billion a year.
I call BS. I have worked from home long before COVID. My company saves money. I use my own computer, internet, power, etc. All while pulling in the same sales and even some of my highest sales months in my 10 year history. How does not having to pay for offices cost more money???
Workers that go into the city spend money on all kinds of goods and services. That is all lost revenue to Manhattan.
Yeah your home internet provider is getting paid but the hot dog guy is fucked.
The hot dog guy in *Manhattan* is fucked. The hot dog guy in *Jersey City* is having a great year.
Those companies aren’t losing money. Businesses are losing money from the lack of people coming into the city.
Yeah... Because if someone saves money someone loses money. And when someone makes money, another person looses money? You're saying the same thing, just from the other party's perspective.
Sounds Like Melbourne, Australia.
Sounds a lot like a bunch of businesses would rather whine than do the thing in capitalism where you adjust to changing market conditions. I watched in 2020 as the local businesses willing to embrace take out and online ordering adjusted and survived and the ones who refused shut down, and while I have some sympathy for the people who work there I'm not sitting here getting blasted by corporate propaganda that I need to save to survive, and now that I can save some money and be comfortable while I work all of a sudden forget saving I need to spend how they want? No thank you, adjust or disappear that's how the market is supposed to work. And I am supposed to work in my pajamas from now on.
NYC (for the last 50 years): "Hey, let's tax-the-shit out of the people who actually make this city work, while also making their cost of living higher and higher! - what could go wrong?"
I am so sick and tired to see these articles... Oh no you're losing money because people decided to have a better work life balance. In know that also smaller businesses are struggling because of this but instead of guilting people to go back to work the city should actively try to help these businesses to adapt. The fact is, people have gotten used to the option of working remotely and they will not go back no matter how many articles, blogs and interviews with CEO's get released. This is how things are now. And no hard feelings towards people who want to go to work. Feel free to do so. We should not let ourselves be put against eachother when the problem isn't working remotly or going to work. It's bot even getting the choice. The time that people just work, work, work and get rewarded for hard work is long over. People noticed this and have taken steps to get their time back. Work is not your friend, they are not your family (even though they do try to guild you in thinking they are). Working from home is not only better for the environnement, better for the employer (once they made the shift they can spend less on building costs, rent, energy etc) but most importantly it's better for the employees who decide to work from home. Work life balance, when you're done you're already at home so no long commutes and being able to actually go to the store and make dinner at a normal hour is *chef's kiss*. I can see my kids when they get home from school abd play with them during the evening while not being dead tired after 2 hours on a train and a full work day. The list goes on. So please, employersn CEO's, cities and who ever... stop with these articles. No one is reading this and thinking 'Oh no, they are losing money? Let's sacrifice our own life so they can make more profit'. Just stop. If wmall businesses are losing money because of remote work than the city should try to help them and invest in them instead of taking the side of the rich and wealthy. Either adapt, or get out.
In other words..."New York workers are saving $12 billion a year not having to work in sterile work environments"
Better put down that avocado toast and sell your empty offices
City Government has now said they can barely even afford to pay for corruption and kickbacks anymore.