Steve Schwarzman of the Blackstone group said staff want to work from home so they can save money
Steve Schwarzman of the Blackstone group said staff want to work from home so they can save money
The boss of the world’s biggest commercial landlord has accused remote workers of staying away from the office because it means they “don’t work as hard” and can save money.
Steve Schwarzman, the chief executive of investment firm the Blackstone group, made the claims about hybrid staff while speaking on a panel at the Future Investment Initiative summit in Riyadh, Saudi Arabia.
In remarks first reported by Bloomberg, he said employees had kept working from home because “they didn’t work as hard, regardless of what they tell you” and also due to the savings they make on their daily commute, lunches and work attire.
Let's assume for the sake of argument he's correct. So fucking what? Wealth concentration is wage theft. Profits are at historic highs. They owe it to the workers to put down the fucking whip. It's better for the environment. Every worker who wants to telecommute (in jobs where it's possible) should be allowed to do so. It's unethical not to. It should be made illegal, IMO.
There are no metics to support any drop in productivity. There are lots of metrics to support making people go back to the office is bad for the environment. The traffic were I live is pretty much back to what it was before. It's gross just watching the haze of fumes knowing it is there so these dickheads can maintain their property portfolio.
he said employees had kept working from home because “they didn’t work as hard, regardless of what they tell you” and also due to the savings they make on their daily commute, lunches and work attire.
It’s almost as if people enjoy having extra disposable income!
That is not their lot in life! They ought to be thankful for the pittance they receive as it is, and they are entirely ungrateful wretches to think of saving and trying to improve their situation!
Remote workers can live in locations with cheaper rent. Blackstone has invested far too much money buying up overpriced housing in densely populated areas to allow that. A spread out population is bad for their bottom line.
He’s essentially saying that companies need employees to come work at the office because the real estate investors depend on it.
Question what do the models say will happen if commercial real estate values crash because everyone is wfm? Can it really cause an macro economic issue?
Headline in a reality literate world: "Remote employees 'don't work as hard' says obscenely biased and out of touch person with a vested interest in the abolishment of remote work."
The evidence says otherwise. He can go fuck himself. I personally prefer going in but I understand people wanting to work from home or at the very least do hybrid work. Childcare is fucking expensive and if you can work while watching kids, that can really help combat the massive rise in housing costs.
You know who actually doesn't work hard at all? steve schwarzan. Fuck these lazy ass execs and share holders. I think we outta put em all in metal tubes and drop em in the ocean.
I mean, at work I'm probably just going to play Pokemon on my phone until an actual assignment shows up, then do it and back to Pokemon.
If I worked from home I can't imagine I would do my job any differently, except it would probably be playing Pokémon Violet on the switch instead of Pokemon Masters on my phone
This revolting bottom feeder, Steve Schwarzman, would say that. He's a commercial realtor, if remote working takes off he loses out. What else would he say?
When you factor in things like getting ready for work, commuting and even just the emotional labor that goes into dealing with workplace idiots face to face and keeping up appearances, it makes perfect sense