Work Reform

10044 readers

922 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

seeCseas

[email protected]

TinMod

404

Forcing Workers Back to the Office Might Not Have Been a Good Idea After All (futurism.com)

submitted 1 year ago by [email protected] to c/workreform

53 comments fedilink hide all child comments

A new survey shows that the vast majority of senior executives say would've approached their return-to-work push "differently."

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

[–] [email protected] 17 points 1 year ago* (last edited 1 year ago) (1 children)

Well to be fair I wouldn't categorize the entire banking industry and investment capitalists who have over a trillion dollars in commercial mortgage backed real estate collateralized debt obligations invested in those office buildings as being from a bygone era.

TLDR It's 2008 all over again. They bundled up commercial mortgages into securities that blackrock etc are heavily invested in. They are over leveraged because over the counter swaps still don't require verified money in the bank to cover losses. If people are not forced to return they know the real estate market will implode and take Citibank Morgan Stanley etc with it

[–] malloc 2 points 1 year ago

Good. Then that real estate will be up for grabs and can rebuild commercial only districts into mixed use districts. More housing for PEOPLE and more efficient use of existing space.