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a few points How will local governments adjust for loss of tax base as it is likely real estate values for office properties will drop and in turn the cascade
by Shivetya 6y ago
a few points
How will local governments adjust for loss of tax base as it is likely real estate values for office properties will drop and in turn the cascade effect on businesses which serve them; from restaurants to small services.
Companies that own their own head quarters and other facilities may be less willing to have people work from home. Some companies put a lot of pride in their head quarters and other facilities.
How many companies who do swing to this type of work will expect reduction in salaries as compensation? Would you trade a percentage of your salary for the guarantee of working from home? How many days would you be willing to meet at a central site or would they even be a thing?
Personal experience, it took till COVID19 for where I work to make quarterly meetings available to those who are remote. For the most part they have done pretty well in this regard to even offering streaming of past events and presentations normally done by phone to using survey monkey to gather questions to be addressed.
- tmaly 6y agoMaybe they can turn the buildings into green spaces or affordable housing?