Biden wants RTO

[Anonymous]

Anonymous wrote:

Anonymous wrote:The SEC better not expect us in the office more. We'll just go to private sector then.

All financial services firms are back in office at least 3 days a week

Have you compared private vs. gov salaries in this sector?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The SEC better not expect us in the office more. We'll just go to private sector then.

All financial services firms are back in office at least 3 days a week

Have you compared private vs. gov salaries in this sector?

Yeah that’s a given. There are pros and cons. The topic seemed to be about remote working though, and yes - while more compensation, there is less flexibility for wfh. Not to mention job security and stability.

[Anonymous]

Anonymous wrote:One way that DC is a bubble is on return to the office, in the past few months I’ve visited some southern and midwestern cities and everyone is fully back in the office. I even asked if they had more telework after the pandemic and they thought it was a strange question. People are shocked when I say we’re just back once a week.

But what is the purpose of making people go back to the office? I work in a job that can't ever be done remotely, so I'm on site full time forever.

But if I were an accountant or something? I'd be annoyed to look at excel spreadsheets in a cubicle instead of in my house.

[Anonymous]

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Anonymous wrote:The Biden admin just keeps pissing the wrong people off and it's going to back fire royally. They keep pushing they will see what's going to happen next election.

+100 THIS!

This idiocy was floated in another thread on this topic. It's as silly now as it was then.

I’m not sure I’d want to f-around with the Virginia vote.

Precisely which Republican candidate will be better for federal workers (i) on WFH issues, and (ii) generally speaking than Biden?

For this 52-year period, the federal workforce has had higher pay raises during a Republican administration. Here is how it breaks out.

The average pay raise per year: 3.71%
Under Republicans: 4.05%
Under Democrats: 3.65%

https://www.fedsmith.com/2021/01/10/50-years-federal-pay-democrats-v-republicans/

Yeah, because Rs screw up the economy so that Ds have to clean up a recession. That always comes with lower inflation.

I agree with you that Rs are awful, but no one has pointed to anything where the R presidential candidates said they would force federal employees back to the office. If Biden makes me spend 15 hours per week commuting just to please his rich donors, he is not getting my vote. I have no clue why anyone would support a candidate who gives such a strong middle finger to you. We don't know if a R would be better, but based on what Biden is advocating, it won't be any worse. So I'll take my chances.

I agree. The heck with all those women who may lose the right to choose. And I don't really care if corporate taxers are lowered to nothing. If I have ot do the commute I signed on for pre-pandemic, it'll turn me into a Trump voter. MAGA!!

The right to choose is already gone. Strange to hinge your vote on an issue that is no longer even up for debate at the national level. And what exactly has Biden done to raise corporate taxes?

Maybe the feckin’ useless Dems should have codified the right to choice and interstate reproductive services when they had the chance.

When exactly was that?

Oh I dunno, maybe during the multiple time periods when the controlled Congress and the Presidency.

Tell me you don't understand the filibuster without telling me you don't understand the filibuster.

Are all feds so ill-informed?

they never even tried

You seriously aren't this stupid, are you?

Feds, is this a good example of your ranks? Because if so, I think you feds should continue to work at home because you aren't able to operate a car safely, or be trusted out of the house on your own.

stfu

“ “When it starts to take too long, you see the Democratic Party essentially saying: Well, we’re not going to worry about this, we’ll get to this later,” Ziegler said. ”

feckless.

https://19thnews.org/2022/01/congress-codify-abortion-roe/?amp

Did you even read the article, you dolt? It makes the rather obvious point that it's impossible to pass a nationwide abortion law with the current makeup of the Senate.

It's this kind of magical thinking, combined with a lack of civics knowledge, that convinces rational people that progressives are not to be takes seriously.

[Anonymous]

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Anonymous wrote:The Biden admin just keeps pissing the wrong people off and it's going to back fire royally. They keep pushing they will see what's going to happen next election.

+100 THIS!

This idiocy was floated in another thread on this topic. It's as silly now as it was then.

I’m not sure I’d want to f-around with the Virginia vote.

Precisely which Republican candidate will be better for federal workers (i) on WFH issues, and (ii) generally speaking than Biden?

For this 52-year period, the federal workforce has had higher pay raises during a Republican administration. Here is how it breaks out.

The average pay raise per year: 3.71%
Under Republicans: 4.05%
Under Democrats: 3.65%

https://www.fedsmith.com/2021/01/10/50-years-federal-pay-democrats-v-republicans/

Yeah, because Rs screw up the economy so that Ds have to clean up a recession. That always comes with lower inflation.

I agree with you that Rs are awful, but no one has pointed to anything where the R presidential candidates said they would force federal employees back to the office. If Biden makes me spend 15 hours per week commuting just to please his rich donors, he is not getting my vote. I have no clue why anyone would support a candidate who gives such a strong middle finger to you. We don't know if a R would be better, but based on what Biden is advocating, it won't be any worse. So I'll take my chances.

I agree. The heck with all those women who may lose the right to choose. And I don't really care if corporate taxers are lowered to nothing. If I have ot do the commute I signed on for pre-pandemic, it'll turn me into a Trump voter. MAGA!!

So you can be mostly a one issue voter, butt someone who disagrees with you can't? Yeah, ok.

First,if you need a laundry list of other ways a Republican President would be terrible, there's really no hope for you. Second, I identified two major issues. Third, being a one issue voter is pretty silly in any circumstance, but it's just absurd when the issue is, "I am being required to do something, once again, hat I did for years before the pandemic."

NP. Oh, stop gaslighting. It is perfectly reasonable to vote against the president who causes a sharp decrease in your standard of living and personal happiness. Your entitlement is off the charts. Democrats aren’t owed the votes of fed workers.

I’m private sector with a competitive skill set (constantly recruited) and work hybrid. I like hybrid. But if I was made to go in every day, my resignation would happen the next day, as I am not worried about my ability to get a job. I don’t see why feds should not be expected to have the same freedom of choice, perhaps more because they make so much less for a similar skill set.

Of course the PP is going to vote against the president who makes her life much worse. Who wouldn’t?

A lot of people. By that logic, I'd never vote for democrats, who want to increase the minimum wage, raise taxes on the wealthy, support labor unions, and (ironically) keep the federal government fully staffed and functioning. But I vote for them anyway, because it's the right thing to do, and I don't put my petty desires above everything else. And make no mistake about it, "I need to spend more time in the office than I do now" is really petty, comparatively speaking.

Also, that's not what gaslighting is. You sound like my teenager, who thinks anytime she hears something she doesn't like it's gaslighting, It makes you sound silly.

You are just lying to yourself to prop up your ego. You are absolutely a beautiful example of the progressive who likes to tell other people what to do but would never actually do whatever they are ordering yourself.

I’m genuinely laughing at the idea that you believe you are a good person for voting for Democrats. What a egotistical nutcase you are.

I am absolutely not a progressive. And I have no idea what point you are trying to make. The fact is, people vote against their self-interest all the time, for the greater good. The fact that you think that is laughable really says a lot about you.

Also, what am I suggesting others do that I don't?

No, people don’t vote against their self-interest for the greater good. That’s a lie people tell themselves, but it is simply not true. The fact is that people 100% vote for their own interests, but they aren’t honest with themselves about what those interests are.

When people’s lives are truly at risk by how they vote, if people feel their ability to do what is critical to them such as raise their kids in safety, earn a living, get the healthcare they need, etc, they will cross party lines in an instant. Nobody truly votes against their own core interests. Nobody.

There is nothing more irritating than wealthy Democrats boasting about how they vote against their own interests by supposedly voting for a party that will tax them a tiny bit more. It is myopic and blind.

That's quite a little theory you have there. Either people admit they are voting against their own interests, or they aren't honest about what their interests are.

I'm not going to waste the time pointing out all the logical flaws in that argument (and that's being generous with the term "argument"). But wow.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The SEC better not expect us in the office more. We'll just go to private sector then.

All financial services firms are back in office at least 3 days a week

NP and I doubt the SEC TW schedule changes considering they just litigated the issue this year. What would management sat, oh we want a do over?

[Anonymous]

Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for a economic maelstrom to be unleashed.

[Anonymous]

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for a economic maelstrom to be unleashed.

Biden didn’t order Feds to RTO. A member of his staff wrote a lukewarm memo. If the President was serious about RTO, he could simply demand tomorrow all feds report. By the way it’s not the responsibility of the good citizens of MD an VA to prop up the District’s economy. I guarantee you that a month from now commuting into DC will be unchanged from what it’s been over the past 18 months. No agency head is going to give two cents to what Zients says.

[Anonymous]

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for a economic maelstrom to be unleashed.

Forcing feds back isn’t going to make a dent in that issue.

The problem with commercial RE is that it makes a significant amount money from millions of small businesses: Accounting firms. Law firms. Small consultants. Architects. Etc. Pre-pandemic, many of these businesses didn’t need office space but kept it for appearances as there was a professional obligation to have an office. That has now disappeared. And some federal workers forced to commute is going to have zero impact on the desire of these businesses to cut deeply into their profits to pay for an office they don’t need.

What will happen — is already happening — is that businesses will have to pay premiums for workers to force them in person. BigTech and finance already do this. They can order workers back because it’s not easy for those workers to find jobs as highly compensated elsewhere. But the federal government does not pay well enough to be able to do the same thing.

People, especially people with marketable skills, value their flexibility highly. They want to be able to go to the dentist, to be home when a package arrives, to not scramble for a nanny if a kid is sick. So they will price that accordingly.

You can’t put the genie back in the bottle, no matter what Biden’s donors wish. Commercial real estate already has collapsed broadly. The world has changed. Wishing for the past to return is simply not going to fix the problem you lay out, because a few large employers forcing people back is not going to remove the cost incentives the vast number of small businesses are experiencing. The dam has already broken.

I’m not a fed, before the anti-fed people freak out at reading hard truths.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for a economic maelstrom to be unleashed.

Biden didn’t order Feds to RTO. A member of his staff wrote a lukewarm memo. If the President was serious about RTO, he could simply demand tomorrow all feds report. By the way it’s not the responsibility of the good citizens of MD an VA to prop up the District’s economy. I guarantee you that a month from now commuting into DC will be unchanged from what it’s been over the past 18 months. No agency head is going to give two cents to what Zients says.

You don’t know politics obviously. That’s not how it works. COS speaks for the president.

[Anonymous]

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for a economic maelstrom to be unleashed.

If they speculated (gambled) on an industry despite technology making remote work easier (even prior to the pandemic) and lost now it's our problem. Privatized gains, socialized losses!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for a economic maelstrom to be unleashed.

Biden didn’t order Feds to RTO. A member of his staff wrote a lukewarm memo. If the President was serious about RTO, he could simply demand tomorrow all feds report. By the way it’s not the responsibility of the good citizens of MD an VA to prop up the District’s economy. I guarantee you that a month from now commuting into DC will be unchanged from what it’s been over the past 18 months. No agency head is going to give two cents to what Zients says.

You don’t know politics obviously. That’s not how it works. COS speaks for the president.

No they don’t.

[Anonymous]

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for an economic maelstrom to be unleashed.

Oh please. Federal employees working remotely do not have the power to tank the economy. Lol!!! The histrionics are hilarious.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for a economic maelstrom to be unleashed.

Forcing feds back isn’t going to make a dent in that issue.

The problem with commercial RE is that it makes a significant amount money from millions of small businesses: Accounting firms. Law firms. Small consultants. Architects. Etc. Pre-pandemic, many of these businesses didn’t need office space but kept it for appearances as there was a professional obligation to have an office. That has now disappeared. And some federal workers forced to commute is going to have zero impact on the desire of these businesses to cut deeply into their profits to pay for an office they don’t need.

What will happen — is already happening — is that businesses will have to pay premiums for workers to force them in person. BigTech and finance already do this. They can order workers back because it’s not easy for those workers to find jobs as highly compensated elsewhere. But the federal government does not pay well enough to be able to do the same thing.

People, especially people with marketable skills, value their flexibility highly. They want to be able to go to the dentist, to be home when a package arrives, to not scramble for a nanny if a kid is sick. So they will price that accordingly.

You can’t put the genie back in the bottle, no matter what Biden’s donors wish. Commercial real estate already has collapsed broadly. The world has changed. Wishing for the past to return is simply not going to fix the problem you lay out, because a few large employers forcing people back is not going to remove the cost incentives the vast number of small businesses are experiencing. The dam has already broken.

I’m not a fed, before the anti-fed people freak out at reading hard truths.

I mostly agree with what you wrote, the toothpaste IS out of the tube, but politics is more concerned with appearance vs. actual results, especially this administration.
By reinstating RTO, the appearance of "back to work" is made even though the actual reality will be lack of overall productivity, waste of time and resources.
Angry feds (who already know and understand the better value / economics of WFH) will react accordingly.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Because the country cannot tolerate WFH.

Banks are sh!tting bricks right now about huge losses they would be on the hook for as commercial real estate values tank due to WFH. City govts across the country are also in deep dookie as they are losing massive amounts of tax revenue due to commercial real estate vacancies. Converting offices to living space doesn’t solve the problem either, because local govts get 2x the amount of tax revenue from commercial RE as they do from residential.

Biden is moving t push fir RTO because our banking overlords will losing trillions of dollars due to huge losses in commercial RE value. Tons of local govts will also go bankrupt and spiral into insolvency. SF has now blown up its budget and is running almost $1B in the red now. DC warned the same, and is almost $500M in the red over the coming years due to huge losses in tax revenue from office vacancies. Our entire stupid system is built upon RE speculation, thus when the model gets completely upended the country is now at dire risk for a massive black swan event that will crater the economy. All it is going to take is one bank going belly up and citing commercial RE losses for a economic maelstrom to be unleashed.

Biden didn’t order Feds to RTO. A member of his staff wrote a lukewarm memo. If the President was serious about RTO, he could simply demand tomorrow all feds report. By the way it’s not the responsibility of the good citizens of MD an VA to prop up the District’s economy. I guarantee you that a month from now commuting into DC will be unchanged from what it’s been over the past 18 months. No agency head is going to give two cents to what Zients says.

You don’t know politics obviously. That’s not how it works. COS speaks for the president.

No they don’t.

So, you think Zients sent this out without Biden's blessing? Only 15 months before the election?