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The internet has allowed remote work for a long time, and in office work was dead walking until the pandemic finally put it in the ground. It needs to stay dead
by downrightmike 2y ago
The internet has allowed remote work for a long time, and in office work was dead walking until the pandemic finally put it in the ground. It needs to stay dead. These local shops don't deserve to lose their business either. if the CBD businesses want to compete, then they need to move. This is a sunk cost. You don't throw good money after bad
- hn72774 2y agoI think a big part of this math is avoiding huge balance sheet write downs on unoccupied real estate. When Amazon was heavily investing in SLU in the 2010's they purchased all of their leased offices from the developer, Paul Allen's company. It's the GE-ification of Amazon. Financial engineering with little care about employees or customers.
- downrightmike 2y agoThen the C suite can just make coffee at home and stop eating avocado toast