Subj : Re: Telecommuting and working remotely.
To   : debian
From : poindexter FORTRAN
Date : Tue Nov 08 2022 13:12:00

-=> debian wrote to All <=-

 de> Now, on to the topic at hand. Reading a post from TechnologyDaily in
 de> the TQW_GENTECH area titled "Cost of living crisis driving workers
 de> towars hybrid working", confirms what I have been theorizing for a
 de> couple years now with regards to VR. In the "New World Order", you will
 de> be confined to your living quarters - your work will be done remotely
 de> from your location either via a computer terminal, or a VR station.
 de> Whether they actually attempt to implement this scenerio 100% remains
 de> to be seen, but we are seeing glimpses of it now.

Forcing VR on remote employees has an interesting angle in keeping remote 
employees focused on work - requiring them to be in a virtual world away 
from home "distractions" sounds like a dystopian employer's dream.

 de> In this article, they state that data from slack shows that "70% of
 de> workers believe hybrid working [working remotely] has helped them deal
 de> with rising costs, as they now spend less on food and transportation to
 de> a physical office". If poeple keep this mentality, several industries
 de> are going to be heavily impacted. People won't be driving, flying, nor
 de> consuming as much. It goes with out saying that auto manufacturers,
 de> dealerships, airplane manufacturers, gas stations, and oil refineries
 de> (to name a few) will be decimated by this.

Driving through Silicon Valley, the For Lease signs are everywhere. Cranes 
are busy erecting new buildings. There's going to be a real estate bubble 
bursting, this time it's going to be commercial.




 de> Also, with people working remotely, there will be no need for a
 de> physical office location. This will impact the realestate industry as
 de> businesses won't be purchasing nor renting office space since you can
 de> just work at home for a fraction of the cost.

 de> My speculation here is that we will may see realestate prices drop
 de> atleast in some areas for office buildings. I say this is speculation
 de> and "in some areas" because in places like New York, the prices have
 de> not dropped for office space. Louis Rossman has reported on this in
 de> several of his videos where office space has been on the market for
 de> years by this point, and the price has not dropped. Maybe the prices
 de> will drop once the realestate agents who own those office buildings
 de> come to the realization that they absolutely must sell, or get tenants
 de> in their buildings?

 de> "The study also found hybrid working has become such an integral part
 de> of most people's lives that two-thirds (66%) say they would likely
 de> start looking for a new job if their current employer stopped offering
 de> it". If that is actually true, expect rent prices to go up on office
 de> buildings. Expect for office realestate to be adversely impacted by
 de> this type of mentality.

 de> Also, These type of jobs that can function in a remote working
 de> environment aren't sustainable when there is an economic down turn.
 de> Companies that produce something that is physically consumable are
 de> typically better able to withstand an economic downturn. Food, water,
 de> and ammo are the types of products that see a huge increase in demand
 de> during economic downturns.

 de> As things continue to worsen economically, I believe that we will see
 de> the companies which produce the aforementioned of products find a
 de> foothold and become more profitable than any of these companies that
 de> employ a remote office strategy. I could be wrong, and I suspect that
 de> the media will hide the fact that these remote companies are failing,
 de> but I am no economist after all.

 de> It is always better to live in actual reality. "The way we work has
 de> changed, and we are never going back" says Chris Mills (Head of
 de> Custoemr Success at Slack). I strongly disagree with this. As things
 de> worsen, these remote are going to fold as they aren't producing any
 de> physical product (for the most part). Most of these companies are tech
 de> companies - mostly tech support and software development companies. Any
 de> company that produces a physical product has a factory somewhere that
 de> you have to drive to and work at.

 de> I am not convinced that we have the technology to run a factory that is
 de> completely automated. I work in a factory that produces food and if we
 de> were to convert to a completely automated environment, the factory
 de> would be dead in the water within 5 minutes. The amount, severity, and
 de> cause of jams very widely and I am not convinced that the automation
 de> exists to properly identify the jam (and the cause of it) and correct
 de> for it.

 de> I do not see a remote office being sustainable, especially during an
 de> economic downturn.

 de> Article I am referencing:
 de> https://www.techradar.com/news/cost-of-living-crisis-drives-workers-towa
 de> rds-hyb rid-working/

 de> How ya gonna do it? PS/2 it!

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