Why not extend the baseless paranoia and say it is because they want to see auto company profits go up? And also support petroleum companies?
Or is it just real estate that is boogeyman secretly running the country behind the scenes?
This commercial real estate take is so backwards you have to wonder if it's a plant to make the anti-RTO movement look like idiots.
https://www.phila.gov/2024-05-20-statement-from-mayor-cherel...
That says nothing about why CEOs of thousands of private firms who have nothing to do with real estate firms would care about those other companies’ profits.
No spherical CEO in a vacuum, maybe.
From a profit only perspective RTO makes sense only if the cities gave businesses tax breaks tied to business occupancy (the city’s math is they will get some of these taxes back when employees go and spend money in the city). And maybe cities are threatening to stop these taxes back until RTO.
In Microsoft’s case though people only spend some money at the cafeteria-because there is nothing else to spend money on their campus. How big could that tax break could be?
This RTO request from Microsoft does not make much sense.
AFAIK Microsoft mandated RTO only for employees that live within 50 miles of an office. So far Microsoft does not require employees to move to a city - and bolster the property taxes the city collects.
I still do not understand the logic behind RTO.
I'd also say, I've seen far more people just sandbag and slack off in WFH than in an actual office.
Many are asking this!