this post was submitted on 29 Nov 2023
528 points (92.9% liked)
Technology
60052 readers
3048 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The funny thing is, it's compatible with capitalism, just people are either afraid of change or invested in the old ways.
Amazon would love a 1% increase in employee productivity, unless it means $500MM worth of lease breaking fees and shareholders grilling them for why they signed those leases in the first place. Or worse they bought the building, and now have to sell it at a big discount.
Everyone's invested in commercial real estate because it was a cash cow. Now the party's over, and rather than acknowledge that lots of people (and cities) have a financial incentive to try and keep the party going.
Of course the shitty thing is the big losers in all this are the individual people. The workers in a city lose when property values (and cost of living as a result) are so high they can't afford rent. The workers in a company lose when they have to waste time and money commuting. But nobody seems to give a shit about the little guy...