Billionaire CEOs were quick to sing the praises of working from home at the start of the pandemic, calling it the way of the future — but over the last three years, they’ve slowly changed their tune.
Late last year, Forbes reported that 90% of companies will return to the office in 2024, with 28% threatening to fire workers who don’t comply.
But it turns out that the motivations for calling workers back to the office may have less to do with employee productivity or profit margins and everything to do with catering to the egos of controlling managers who want their workers back, according to a recent study published by researchers at the University of Pittsburgh.
Mark Ma, an associate professor of business administration from Pitt’s Katz Graduate School of Business, who led the study, told BI he started the research hoping to understand why some S&P 500 firms want employees to return to the office while other firms avoid calling them back.
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“One of the most common arguments management suggests is that they want to return to office because employee productivity is low at home, and they believe returns to office would help firms improve performance and ultimately improve the firm’s value,” Ma told BI. “That’s the reason they give — but our results actually do not support these arguments.”
We are witnessing companies engage in late stage capitalist practices because we are in late stage capitalism. Unfortunately I don’t see us flipping to socialism, so Imo were heading towards recession, depression, and collapse, all while the climate continues to fuck us.
To be fair, I believe the consensus is that we fucked the climate first.
You can move to North Korea and enjoy socialism!
Not so big on the dictator for life and beyond part, we can do better than that, why not a socialist democracy?
You wanted socialism. Can’t have socialism without a dictatorship.
Oh, you’ve been propagandized against an economic arrangement, that must feel strange. Hopefully capitalism will save you 🙄
Yeah, after growing up in communism, I’m pretty happy with capitalism.
I’m happy for you. Sounds like you’ve got a lot more to learn about it though lol.
Or maybe you should move to North Korea to enjoy communism for a while.
Thanks for the discussion. As someone born and raised in capitalism, just give it 30 or 40 years, you’ll be ready for something new.
The Nordic countries would like a word.