Like Elon Musk, 1 in 3 bosses admit they are pushing RTO because they're so upset about wasting money on all those empty desks

Ding ding ding!

I've been saying this for years.

Two main factors in why mass remote work can't happen:

1: Tons of managers and executives just psychologically need to be able to physically see people working, be able to have the ability to come pester or chat with employees whenever they want.

It has nothing to do with actual productivity.

Its part object permenance (if i cant see it right now it isnt real), and part ego confirmation, as their primary mode of social interaction requires an in person power disparity where they are above others.

Its for the perpetuation of bullshit 'company culture', the sociopathic 'your work is your personality, is your life' kind of insanity that they require to feel validated.

2: As you laid out, if we switched to a paradigm of most office work being done remotely, even though this would be overall better for the mass majority of employees, it would blow up the commercial real estate market, probably so significantly that office buildings would start being converted to residences, which could also blow up the residential real estate market.

Forget how many vacant homes and apartments there are per homeless person, add in how many vacant offices there would be, or already are, as well.

...

We know that shit like RealPage has been caught just literally doing cartel price fixing for residential properties across the country.

But also, this is almost certainly going on, widespread in commercial real estate as well.

https://youtube.com/watch?v=2Trz65P1gnA

Here's a vid where Louis Rossman explains that basically, amidst tons of other false advertising bs in the New York office space market...

... people can just publically say they're paying a high rent, under an NDA, while actually paying a much lower rent.

So all the public facing commercial real estate prices stay high, and thats whats called 'market rate', whilst those in the know are paying way way less, and are mandated by an NDA to lie to everyone else about this.

Everyone works for the banks.