4 ms·
In this case, we understand the cause of the problem incredibly well. Advances in technology reduced the amount of work that needs to be done in an office build
by gizmo686 3y ago
In this case, we understand the cause of the problem incredibly well. Advances in technology reduced the amount of work that needs to be done in an office building; and a once in a century pandemic caused the resulting shift away from office building to happen much faster then it otherwise would have.
- 2devnull 3y agoThe risk was not “priced in” which is to say there were perverse incentives to develop offices that weren’t truly needed and a corporate culture that was shielded from the consequences of misallocating funds.