5 ms·

My conspiracy theory is that this is a concerted effort for RTO - once everybody's experienced six months of unemployment, used up all their savings and moved b

My conspiracy theory is that this is a concerted effort for RTO - once everybody's experienced six months of unemployment, used up all their savings and moved back in with their parents, going back to a daily commute won't seem so bad.

fatfingerd 3y ago
I doubt many people who up and left to desperately save money will go rent a new apartment within commuting distance of an unreliable employer. Perhaps there will be a total split in the job market as most look for remote jobs and relocation bonuses have to be perpetual to attract people in.
Racing0461 3y ago
i believe rto is then a concerted effort to keep real estate up in cities.
toomuchtodo 3y ago
> once everybody's experienced six months of unemployment, used up all their savings and moved back in with their parents, going back to a daily commute won't seem so bad. If you move back in with your parents and your expenses decline, why go back to the commute? If anything, you can be much more picky about the job you can take as you have unlimited runaway as long as your parents let you stay (and something like 50% of Millennials and Gen Z are moving/living with parents). https://archive.ph/fD4Bp https://archive.ph/fD4Bp | https://fortune.com/2023/09/26/millennials-gen-z-living-with-parents-losing-stigma/ https://fortune.com/2023/09/26/millennials-gen-z-living-with... ("Moving back in with your parents is so common now that it’s nearly lost its stigma") https://archive.ph/0E7r4 https://archive.ph/0E7r4 | https://www.bloomberg.com/news/articles/2023-09-20/nearly-half-of-young-adults-are-living-back-home-with-parents https://www.bloomberg.com/news/articles/2023-09-20/nearly-ha... ("Nearly Half of All Young Adults Live With Mom and Dad — and They Like It") https://archive.ph/xt7PH https://archive.ph/xt7PH | https://fortune.com/2022/10/24/gen-z-delays-homebuying-retirement-planning-for-lifetime-of-financial-instability/ https://fortune.com/2022/10/24/gen-z-delays-homebuying-retir... ("Gen Zers don’t think they’ll ever own a home, and are buckling up for long-term financial instability") Like the Chinese say, “lay flat.” If your life would've been "move out, work a few decades in a job you likely don't enjoy, eventually inherit parent's house at death", why not just skip the grind and live with them until they die, maximizing happiness in your best years if this is the environment these folks must operate in. https://www.cnbc.com/2022/08/12/job-unhappiness-is-at-a-staggering-all-time-high-according-to-gallup.html https://www.cnbc.com/2022/08/12/job-unhappiness-is-at-a-stag... https://en.wikipedia.org/wiki/Tang_ping https://en.wikipedia.org/wiki/Tang_ping
oblio 3y ago
It's a mix. RTO is also used to hide layoffs.

fatfingerd 3y ago

I doubt many people who up and left to desperately save money will go rent a new apartment within commuting distance of an unreliable employer. Perhaps there will be a total split in the job market as most look for remote jobs and relocation bonuses have to be perpetual to attract people in.

Racing0461 3y ago

i believe rto is then a concerted effort to keep real estate up in cities.

toomuchtodo 3y ago

> once everybody's experienced six months of unemployment, used up all their savings and moved back in with their parents, going back to a daily commute won't seem so bad. If you move back in with your parents and your expenses decline, why go back to the commute? If anything, you can be much more picky about the job you can take as you have unlimited runaway as long as your parents let you stay (and something like 50% of Millennials and Gen Z are moving/living with parents). https://archive.ph/fD4Bp https://archive.ph/fD4Bp | https://fortune.com/2023/09/26/millennials-gen-z-living-with-parents-losing-stigma/ https://fortune.com/2023/09/26/millennials-gen-z-living-with... ("Moving back in with your parents is so common now that it’s nearly lost its stigma") https://archive.ph/0E7r4 https://archive.ph/0E7r4 | https://www.bloomberg.com/news/articles/2023-09-20/nearly-half-of-young-adults-are-living-back-home-with-parents https://www.bloomberg.com/news/articles/2023-09-20/nearly-ha... ("Nearly Half of All Young Adults Live With Mom and Dad — and They Like It") https://archive.ph/xt7PH https://archive.ph/xt7PH | https://fortune.com/2022/10/24/gen-z-delays-homebuying-retirement-planning-for-lifetime-of-financial-instability/ https://fortune.com/2022/10/24/gen-z-delays-homebuying-retir... ("Gen Zers don’t think they’ll ever own a home, and are buckling up for long-term financial instability") Like the Chinese say, “lay flat.” If your life would've been "move out, work a few decades in a job you likely don't enjoy, eventually inherit parent's house at death", why not just skip the grind and live with them until they die, maximizing happiness in your best years if this is the environment these folks must operate in. https://www.cnbc.com/2022/08/12/job-unhappiness-is-at-a-staggering-all-time-high-according-to-gallup.html https://www.cnbc.com/2022/08/12/job-unhappiness-is-at-a-stag... https://en.wikipedia.org/wiki/Tang_ping https://en.wikipedia.org/wiki/Tang_ping

oblio 3y ago

It's a mix. RTO is also used to hide layoffs.