It IS the job of the federal government to preserve financial stability in the economy. This is the federal government using levers that they have to pull. It is not at all different than agencies choosing where to open field offices in order to boost the economy in that area. It has been happening for 100 years. |
You are getting things so confused. -np |
How so? |
Except now federal laborers have the upper hand. RTO for government workers simply isn’t going to happen to any significant extent. As for what private companies do I could care less. Let private industry save CRE. |
Not fed workers' job. Our job is to spend tax money wisely and accomplish the mission. Fed govt as an entity maybe - as in HS Social Study class lesson. My agency did not open field office to boost the economy in that area. Our FOs were stood up to maintain secrecy. |
By not driving, I am saving the environment. Per EPA, avg driver produces 4.6 metric tons of CO2 per year. So, I saved almost 15 metric tons of CO2 last three years. I have done my part. ![]() |
The point is that the CRE market can change, and should, but this changed is going to be too rapid. It will happen too fast. The underlying companies are going to collapse and there will be no money/lending for condo conversions (side note: in some areas refs need to also change to make this easier).
I know you don’t think this impacts you as the federal worker, but it does. Did 2009 impact you? Did the savings and loan crisis impact you? Stop focus on CRE alone. It’s the entire market. And no, it’s not just the Fed who is responsible, that’s why private companies are also requiring in office. In my two primary friend groups, everyone is back in the office and all we’re back in the office before me. |
It’s not just about CRE, although I find that compelling, it’s also that lots of managers and leaders think people work better when they are physically present together. I don’t think all of these business leaders are bringing their teams back to an office because they care about the larger real estate market, they think it’s good for their bottom lien. Federal workers are not so different. |
Okay if what you say is true then Biden can simply sign an EO ordering federal workers back to the office. Agencies simply aren’t going to embrace RTO based on the chief of staff’s memo. That Biden hasn’t weighed in tells me things aren’t as dire as you seem to think or that he believes it is not the Federal employee’s responsibility to prop up the private sector. |
We are. Based on DCUM posts here, every agency is jumping and bringing people back. What are you drinking? |
Our agency is doubling the days in office for management starting in October and have said they will have an announcement for BU employees later this fall. It is happening. |
Same here. Starting in October. |
Our political appointees are now back 5 days a week and don’t seem happy about it, when we have meetings with them we also have to be in person so it’s starting to pull a lot of us back too. |
Haven’t seen it. I think most of us in our bureau will go to two days per pay period. Maybe 4 for some, but definitely no more than that. We definitely aren’t going to return to a prepandemic level of in-person staffing. |
We aren't. Sorry, you need to seek out better jobs. WFH is still a thing, despite RTO boosters here and in the media. |