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Return-to-office orders look like a way for elite, work-obsessed CEOs to grab power back from employees
(www.businessinsider.com)
this post was submitted on 28 Aug 2023
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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Most of the empty office spaces are in the traditional downtown highrise locations. These locations traditionally have had low vacancy rates of 5-10%. Post pandemic the rates have risen sharply with over 30% vacancy in some markets.
When you move away from these downtown locations the vacancy rates are in the 8-15% range. Still higher that pre-pandemic but still sustainable and profitable for landlords.
Personally I predict a rise for smaller office spaces intermixed with residential locations. The traditional demand for the expensive downtown highrise office will permanently be reduced. Most of that space will need to be converted to residential in the future.