I mean the culprit must be WFH, right? Not supply chain disruptions, closures, restrictions, actual sicknesses and bereavements, cost increases and accelerated inequality due to financial turbulence/bailouts, etc, etc.
If you ask me, tech, at least, is more productive without constant office-space type interruptions and harassment etc.
The constant downpressure on paying labor is now at the "quiet revolt" level.
The good news: if companies hate WFH, then why would they like outsourcing? It's basically the same problem, except with 3000 miles and 12 hour timeshifts and a language barrier.
I had similar argument with my previous employer, it was simply about “culture” and “team work dynamics” and other BS, ironically, when most of management team was allowed wfh but denied for software/engineering team
Haha - I can't believe I've not seen this mentioned anywhere before. This is hilarious.
... 3-5x less expensive.
I automated most jobs that I was told to send there. Since due to the quality issues only the busy jobs were sent there that are faster to automate and higher quality, too.
After a few months my boss came to me and told me I need to use the outsourced staff more, since they have nothing to do.
I'm a business owner, and we do extensive outsourcing, with a very good outcome. The trick? We outsource from our home region (where I emigrated from), so we know the market better and how to hire well.
The article said this:
> U.S. productivity plunged 2.7% in the first quarter of this year compared to last year, EY found.
Most of that doesn't really apply in 2023Q1. Even SVB hit late in Q1. You could argue that the stability in Q1 should have improved productivity.