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The war on remote work has nothing to do with productivity
It's about debt on zombie office towers.
Many news outlets finally came clean last year and reported that a big chunk of companies might simply be using office return mandates as an excuse to lay off employees and “restructure” their workforce. A piece in Forbes is predicting a major collapse for the same reasons, citing a Columbia University economist who foresees a minimum wipeout of $644 billion, and possibly up to $1.5 trillion. We’re talking about all those restaurants and coffee shops that serve breakfast and lunch to white-collar workers, and all the bars where people used to go and complain about work before they spent an hour commuting home.
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