Yup, corporations need to justify owning the big-ass office buildings they bought out, so they’re paying to make their own opinions be reported on over the actual truth. As usual.
It’s not just the corporations renting those offices, it’s the politicians of downtown areas that fear a downturn in tax revenue due to more empty offices and less people getting their daily coffee/lunch/after work drinks.
And of course, if everyone’s working remotely, this means it’s a lot easier to find a better job without even needing to leave the house to interview, which gives employees a better bargaining position (downside is that employers will start looking at employees in lower paying countries as well).
It’s the commercial mortgage backed securities market.
Remember 2008 when they bundled up all those home mortgages that were based on shitty unpayable loans and sold off securities to retirement funds etc? But then people couldn’t pay and the entire economy imploded resulting in massive bank failures?
Same deal. All those office space loans have been collateralized into securities. The 1% and the banking industry understand perfectly that if they don’t force people to return to office, the entire system will implode again. Even after Dodd Frank the regulations on over the counter derivatives are still mostly non existent.
And the proven financial benefit of having people work from home must not be as profitable as corporate real estate, or companies wouldn’t be requiring in-office work again!
I find it real fascinating how many people are blindsided by the fact that the people who own things that focus on making a profit skew the information they put out to benefit themselves. Did they think they were impartial or something? I mean they claim their neutral they don’t ever show that they’re neutral.