Technology

59123 readers

3863 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 1 year ago

MODERATORS

[email protected]

428

Office mandates don’t help companies make more money, study finds (www.spokesman.com)

submitted 9 months ago by [email protected] to c/[email protected]

65 comments fedilink hide all child comments

Office mandates don’t help companies make more money, study finds::Three years after the coronavirus pandemic sent people to work from home in record numbers, U.S. employers are still struggling to get people back to the office.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] -1 points 9 months ago* (last edited 9 months ago)

It's parroted because it's correct. It doesn't matter if companies own the building or not, because leases are often on 7 or 10 year terms--sometimes more. They're stuck paying that and associated baseline heating, electrical, etc. costs.

That's exactly how the Sunk Cost fallacy works. CEO's don't let it slip because nobody wants to admit they've fallen for a fallacy; that's assuming they recognize where they've gone wrong in the first place.

Conversely, look at what evidence they're providing that return to office mandates are better. Lots of vague statements about "ideas coming out of random encounters in the hallway" with no actual evidence to back it up. It's certainly none of the reasons they provide, so we should go looking for others. Sunk Cost of real estate fits their behavior pretty well.