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‘Zombie Offices’ Spell Trouble for Some Banks - The New York Times
(www.nytimes.com)
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this post was submitted on 09 Feb 2024
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You do know if that sector fails, so does your pension, and probably a whole load of the economy.
Price of doing business. :)
No but seriously, it's a bit annoying that these guys are holding everyone hostage in a way. If they don't make bank, we all suffer? Seems wrong.
It is bullshit that they want to hurt the masses instead of the bottom line taking a hit
Pension, lol. What is this, the fifties?
When were you born, 1950? Who the fuck has a pension at this point?
I work IT on a union contract. I'm building a pension. My cousin retired at 48 from his union mechanic job and now makes 50% pay until he dies.
You should consider a union.
Where are you that it is unionized? Around me, any talk of unionization among my peers is always dismissed as something that would upset the gravy train and cause all our jobs to be offshored.
You have to have those uncomfortable conversations.
$20 days he doesn’t answer.
That's a great conversation starter! "Hey, isn't it interesting that talking about improving our working conditions is so offensive to the boss? Why do you think that is?"
If you're interested in learning how to form a union at work, you can pick any big union and contact them with questions. It might help if they're related to your field, but it's not a requirement. I worked with the Office and Professional Employees International Union (OPEIU) and they were incredibly supportive. Organizing a union at work is the best decision I've ever made.
I have a pension through work, and through the government.
So you work for the government? One of the few to only sectors left in the USA with a pension.
Not in the US. North of that. Canada Pension Plan through the government. If you work, you have a pension. It’s not great, but it’s something.
The one from work is because I am part of a union.
When I got my first proper job at the turn of the century, it was the first thing I signed up to... A shitty stakeholder pension as my company was paying 8% into it
Not really. The office market is not that huge and the vacancies overall are also not that bad. It's not like every single office is suddenly empty.
On the flip side: where these offices are located, housing is extremely expensive, so you could transform some offices to apartments, pivot projects currently in construction and maybe even demolish some older buildings.
These headlines are just a sign that the current management class is utterly incapable of reacting to anything but "line go up". They can't understand that they can't exploit their way out of this for once.
Turning office space into living space is often mentioned in discussions like this. It should be noted that converting the space is not as easy as it seems. In particular, moving the plumbing infrastructure to support individual bathrooms and kitchens is extremely challenging and it makes some projects impracticable.
Some.
We're not talking about total conversion of all office spaces. Even if just 5% of the vacant offices can be converted, that's already 5% less office space to worry about. Let the market decide.
It's also not even a valid talking point. Sure, SOME work will need to be done, but office buildings are built to be modular by design, and are much easier to retrofit than these bloviating idiots online love to yap about without evidence. Buildings have plumbing and electricity for a number of people that will be vastly different than if it was apartments. Think about a bathroom with 10 stalls and 4 sinks being reduced to one with a shower.