I negotiated in my evaluation the option to work from home. My request was granted. As a single parent, this model makes sense for me. It allows me a quiet environment at home when my kids are at school, it eliminated aftercare, decreased my fuel costs, and allows me to be a more functional parent. My kids love seeing me when they get off the bus and dinner is always on the stove. My productivity is through the roof. I wake up super early before work and Im able to clean, cook, exercise, etc. I feel like I have a better balance. UPDATE: If I do feel like my productivity at home may be going down, I do have the flexibility to go into the office. Sometimes I do feel the need to switch up environments.
@Lordeverfall100 That doesn't mean every company will be like that. we will need more time and data. It really depends on the people and priorities of each employee and company values
I asked for a raise in August and was told to wait. I decided not to wait any longer and left for a remote job in December. My old job had to hire three people to do the work I was doing. I’m working from home now and am very pleased.
Good for you! Overall I’m happy where I work (and it’s only one day in the office), but I absorbed two people’s jobs when they quit. We have another one about to retire and I’ve already told them they have to replace her. It will be impossible for the two of us left to do our jobs and hers.
Remote work is more efficient for the company, better for the employer & a lot better for the planet. It reduces a lot of fossil fuel waste derived by unnecessary commuting. Plus this will finally get rid of those horrible open office environments that we were completely forced into despite being dirty, germy & hugely distracting. For me life & real freedom didn't start until the pandemic!
@@mohnella convert to a home catering/ meal delivery business. It takes less footprint to found one. They can establish such business from their garage
Not always better. If co-working spaces are available, maybe. Working from home can actually have a detrimental affect on productivity. What is the remote worker's workspace like? Is there actually room to work? Are there too many distractions, e.g. noisy kids or pets, a television in the room, etc.? What's the Internet connection like? Is it fast enough? Reliable? Secure? Don't forget the added challenges for the IT department.
If low wage workers getting basic dignity in their work and life is "going to hurt the US economy" then we are doing this whole thing wrong. This pandemic is going to be seen as the pivot point where workers have realized their power and are fighting back against exploitation by bad companies and bad managers. The markets will continue to and have responded. Bad companies are finding it hard to staff. They will need to fix their labor practices or suffer the consequences. Also, bad companies suffering due to bad labor practices doesn't "hurt the economy". This is how capitalism is supposed to work. Bad labor practices leads them to lose out on the best labor. That leads them to being less competitive. This is not an economic issue. This is a bad management issue.
Its funny too, that many businesses who are able to have workers work remotely, are essentially saving thousands in utilities for their office buildings. While technically just shifting the utility bills to their employees. Or able to shift other costs in order to achieve bigger savings. And/or may not even need as many office buildings. So, I don't understand the huge demand for workers forced to return to an office environment everyday.
@@flameshoter6 It's still a bad management issue. Financially, it's better for all parties. The problem is managers are uncomfortable with not seeing their employees daily and are convinced their slacking off even if production is increased. Imo they will, in the next 3-5 years, come to terms with remote work and it will be the norm to be able to go all remote, partial remote, or all in house by choice by the employee.
@@Black_CoreyNFin I wouldn't say bad management. Just loss opportunity. Most people in management today still remember a time without computers and everything was paperwork. Some of them enjoy the company of others. They would feel completely isolated from society otherwise. And I agree with most of what you said otherwise. This was probably the same thought they had when switching from paperwork to computers back in the 80's and productivity skyrocketed. Management thought that computers would make people lazy because they weren't working hard filling paperwork. It wasn't until they understood computers or its usefulness that it changed their minds. Plus the costs being more affordable. Same thing with working remotely. Management just thinks people are fooling around at home. So they force employees to use software to see if people are typing and clicking away non-stop. But for my instance, I work as part of the state I'm in. Handing out millions of dollars to businesses. But only recoup a small fraction based on agreements. And would never be enough to solely pay employees from those recoveries. My supervisor wants me to work like an Amazon employee even when there is no work coming in and everything from all angles are completed. But she would rather have me stare at a empty computer screen for 8 hours rather than allowing me to do something productive at home or wasting time on my phone while remote. There was a time during the pandemic when we were all working strictly remote. She wanted daily updates on what I was doing. But when there is nothing to do, there is nothing to update. She never really complained about that ironically. But if I was on my phone in the office for even a minute, that was crossing a line with her lol.... Accused me of being rude and combative. But have only ever been nice. Talked to management, and her whole personality changed because they have known me for working like 3 people's jobs. And even at that point in time, there were periods of times when I had nothing to do. Everything was caught up and no emails being received. And there was no issue with me being on my phone.
Now that I’m remote I am much happier. My mental health is much better because of it. No more micro-aggressions or awkward moments. No more having to navigate telling people that I don’t want to go to lunch with them. As an introvert - it’s lovely 😌 Ps. I believe America will be ok. I think we need to put more emphasis on walking, biking and shopping local so we’ll still have a sense of community. That connection makes a difference. I think that’s more important since people are working from home.
As a fellow introvert, I agree with all of your points! I switched jobs last year to be able to work remotely with a pay increase, less stress, and no unpaid overtime. After my first month on the job, my mom got diagnosed with lung cancer, and now I'm actually given the time and space to help her to appointments or whatever she needs. I could never do that at my previous job! I hope that many more people will take advantage of this opportunity and find something that will make them happier and enjoy what life has to offer moving forward.
Hybrid is the future. My employer has been a bit wishy washy with the concept but I definitely plan on working in that model moving forward regardless of my current employer's stance. If they pull me back to the office permanently, I'm out. Love having a few more consistent days where I can book life appointments. Love not being exposed to toxic co-workers 5 days a week. Love saving money on gas. Love having space and less noise to get stuff done.
My brother who is a software engineer, wanted a hybrid work at home situation. Even though he worked 45 years for his employer, when his employer insisted he work in the office full-time, he chose to retire early.
My employer has fully embraced hybrid work, to the point where they sold all of the buildings they owned, and are now leasing the space from the new owners for the next 12 years. I think the pandemic dragging on for almost two years made them take a second look at their real estate footprint. Right now the big talk around the company is the concept of 'hoteling' or signing up for a desk space if you need it if the office. They have also come out with a policy that treats coming into the office space as a optional perk rather than a requirement.
At my agency we have tracked performance and its clear work from home has not reduced productivity, and self reports show employees happier and healthier. Its been amazing for my household, more time with them, more time for my toddler, and just less stress all around.
What we're not taking into account is, what will happen to all this un-needed office space? It's not your problem, or mine. But the question is the economy in general. Sounds like the commercial real estate market has concern.
@@TheBandit7613 I'm a housing economist actually and yeah, I am watching the CREI market in major cities where big employers are moving to home based work (i.e. DC metro). Keep in mind leases are locked in for years, so we won't see a switchover overnight, but yeah, office to apartment conversions could happen, or downtowns could simply lose appeal.
@@TheBandit7613 Lots of ripple effects. With many working some days or every day from home there is: 1. Less commute = need for transport ie. less need for roads/trains/buses/planes and less need for the infrastructure they require. 2. Less need for business travel, so see 1. Plus add less need for hotel rooms, places to eat and so on. 3. Less need for the business uniform - or maybe just the business pants 🙂 But on the other hand there is: 1. Need for more internet speed. 2. Home office equipment. 3. Space for home office work. 4. A need for new ways to have that talk at the water cooler.
@@shanewillbur1325 It happened so fast it's unnatural. Come to think of it, the whole economy is unnatural. Manipulated too-low interest rates, Manipulated high oil price which serves to make Russia a ton of money (which is why they are horsing around in Eastern Europe) Insane housing prices in many markets. My house is close to a million. The free market has been corrupted. I can hardly wait to see what happens next.
Many industries could’ve been working from home. It’s more cost effective too. The problem is companies can’t micro manage your entire life when you aren’t in the office.
If you don’t embrace remote work you are limiting your companies talent pool. Geographically isolating your company is a losing strategy. The best candidates won’t move their families for you.
If employers continue to disrespect our existence, there will remain consistent resistance regardless of those who still tolerating office politics, low wages without bonuses, ridiculous commutes, and ubiquitous absence of upward mobility.
You are correct. Yes, these jobs might be taken by people who are okay with low wages and no benefits because they might really need them, but in most cases, these people won’t be nearly as prepared or educated as those who know their worth. It’ll hurt the economy to have low quality employees.
It makes more sense for my company to be fully remote. Software engineers do nothing but code, research, and are perfectly fine collaboration over remote. Even co-working spaces are available if needed. I think co-working space are going to become more popular for hybrid options as well.
For tech companies I think it makes sense but the 3/4 day work week needs to be widespread enough to ensure companies can coordinate with each other Or i may be completely wrong and it’s just a theory ,a work theory .
I’m still unclear why we’re encouraging work. Isn’t the purpose of innovation and productivity to do more with less? Haven’t we had jobs moved abroad to where labour is cheapest? And now aren’t jobs being automated? If progress isn’t about being liberated from work, then what? Is it just meant to lead to more consumption? How much? It will be impossible to solve climate change at even a fraction of current consumption levels. The goal, in my opinion, should be to produce and consume less, leave the labour market and spend ones life building relationships, having experiences, helping others, and creating. The policy challenge is not more jobs, but secure/stable well being: homes, nutritious food, education, health in a zero-carbon context.
The difference between Gen Z and Millennials is this Millennials at least grew up with the illusion that they'll have a great adulthood. Gen Zs grew up knowing we are doomed.
Lol no we didn't. I was 14 when 9/11 happened and 22 when GFC happened. Those 2 events changed so much. The pandemic has been a wash out for all of us though. Every generation grows up with the same existential doom. Even Boomers had to deal with the very real threat of nuclear annihilation and the Vietnam War.
It’s all about options. Plain and simple. If your employee wants to work remotely then give them that option. Don’t force people to work in an office if them don’t want to
There is also a particular problem in California where Dr. Reich works: there is a health care penalty. Many employers do not provide health care, particularly for gig-workers, and health care premiums are extraordinarily expensive, close to 900/mo., more if you have a low deductible plan. The tax penalty can be over $3000 per year. So workers are caught between a rock and hard place, and many are simply paying the penalty and forgoing health care entirely. 1 month of health care is close to 5 months of food expense. There is something wrong with that equation. It's unsustainable.
@@saulgoodman2018 The "2" what? Health care premiums and health care penalty? The are very definitely associated by legal definition. Gig working and health care coverage? That's the point, there are no laws regarding that for gig workers, so fewer gig workers are covered by health care from business.
Im glad to hear the US is changing, the US is great as long as your not sick and work double shifts. I’m a Scandinavian myself. I’m used to 1 year paid maternity leave. If you get unemployed or fired you are entitled to 3 years of something called “back to work” payment from the government. That’s usually 60% of your last 3 months paycheck average not great, but it’s doable, you can keep your house, most banks freeze the down payments, as long as you pay interest etc.If you get sick, you have 1 year full salary, after that you either end up in this “ back to work” paid for by the government, or you get disability. Disability is not great but you get about 40K$ or year + any disability insurance you have been having. Healthcare is free, you need to pay a maximum of 300$ a year. If your medical bills exceeds that then it’s free. Childcare varies a bit depending on the sitting government, but all children have a right to 8-5 childcare right after the maternity leave ends. I think this last one is extremely valuable, think about 20 people watching over 50 kids, and then both the mother and father can work. That’s a no brainer for the GDP. Hope the US gets something similar, it’s important with safety nets. You are not creative when you worry.
@@elvism684 Not really, I don't think we pay much more than americans, if you exclude the states with no income taxes. Edit: I googled and apparantley I would pay 24% if I lived in california, that's just 4% less than in Norway, but I get all those social benefits.
having done both , this will eventually be like the feudal times. The lords and ladies will work from home , the serfs and peasants will commute to work.. It will cause hatred and resentment.. That all being said , im never going back to a job where I physically have to be somewhere at a certain time. It saps the soul , and destroys quality of life completely.
I am a software Engineer by profession and I support remote work. I know many small businesses specially around office spaces are going to get affected but this is what it is!
Everyone must ask themselves what benefits does work from office give that it actually outweighs the benefits of working from home. 😎😎😎 Besides when working from home, people can save lot of time which they unnecessarily spend on commuting to work and getting stuck in traffic etc. Also when we work from home, we get to spend time with our kids and rest of the family which we can't while working from an office. Hence work from home gives much better work life balance when compared to working from an office 😎😎😎
People should be paid to stay home, no work necessary. Provide us talent not work. Work is slavery. Talent and skill is wealth. People at home work less than at work.
I've been working from home for the past 11 years with a one year stint of going to the office and another hybrid. Never again. If the company doesn't promote the position as remote only, I'm not applying. My position is a sit at your computer and do your work type job, which doesn't require in person anything. I still see jobs in my expertise area that have physical location requirements and laugh how clueless they are to the current economy. I love the flexibility and relaxing atmosphere of WFH, so that is something a company requiring in office work can never achieve.
I work from home since the pandemic and it has been an adaptation at the start but also such an improvement both for work and life as a parent. Any jobs that can be done from home should have the option to work from home if the employee wants it
I rather work from home because I save money on gas, lunch, and clothes. Plus I am not stuck in traffic. I was very productive when working at home. Then my employer mandated for me and my coworkers to go into the office. It's hard being in the office and have to deal with coworkers attitudes!!!
Greatest thing about working from home these past two years is that I don't have to deal with the insane bs called LA traffic. I 'm very thankful to not have to spend an hour and a half each day commuting and risking my life dealing with insane people on the highway
I believe everything will innovate with changes. My work incorporated the hybrid work from home system, and we are still capable of working. If anything, it made most of us wonder why didn't we do this early on. We use MS Teams and other online methods of communication, so start-up Tech companies can blossom from this. The employees are saving time and gas from not having to commute and come into the office every day. Office space rent money can now be used on other things like hiring more employees and creating new jobs. It's a win-win for the employees, the environment, mental health/burnout, and unnecessary spending just for the sake of "going back to the office."
The pandemic just gave everyone a huge break and chance to really think about the change and what might happen later. the reason this didnt happen sooner was cause some or many was just like stuck in a job mind set and didnt really wonder how things might be if was able do same stuff from home anytime. it was like a test u try and if it goes right then it happens maybe but if not then all just stayed the same. so pandemic was just a reality check as to what caused change for any reason.
Ive worked in healthcare for 20+ years and I’m seeing a lot of what is being said here come to fruition recently. First, over the last month or so, patients and coworkers in my workplace are weary of what’s been happening the last 2 years and lots of people on edge and attitudes are really bad. Secondly, my company has just announced this past week they are changing the pay scales of most of the jobs in our company to, stop the bleeding as it were, of workers leaving and being unable to find new workers. A lot of us are seeing 5-10 percent increases in our base pay - I was quite surprised, but makes sense after listening to what these people are saying.
As far as my dad’s employer is concerned, working from home is a massive bonus for it. When people work from home, they don’t need to provide computers, air conditioning, office space, heating, or lighting, and they can pay the same amount and get similar amounts of work done. Even when people can’t work as well at home, the savings are huge. Once we adapt to this system and stop heating office blocks with no one in them, it’ll be a net benefit for most businesses.
Software engineer at a start up here. I work at a job with amazing benefits, unlimited PTO, good pay, free lunch, chosen work hours, wfh or in office if I want, free Healthcare, stock options...etc. I genuinely like the work, I work extra sometimes because I actually find it fun. Our company is desperate for more people, the opportunities are out there!
Corps are just mad we like had a plan but didnt say then when pandemic got going it went into affect anytime for our own gain and not theirs. some or many jobs was already seeing how they can get less to do more by hiring less anytime. and now we pretty much said fu and left jobs for any reason.
I am Cuban, live in Havana, Cuba, am professional and know very well the Socialism-Communism theories which cause the fall of socialist system everywhere likewise led my country to ruinage. What my self-learned understood from you is, that The United States of American have arrived to right Socialist system. The pandemia has proved it. Now USA has to manage with the possible bad future effects of many of these policies, because of pandemia. My best regards and wishes of successes, from the bottom of my heart and my consciousness, like Israel did. I was there and saw the system. I saw the Socialism in Israel that we have not in Cuba.
It's not just about millenials having a different set of values than our parents. Millenials are expected to work MORE hours for LESS pay. At least the previous generation could afford a decent lifestyle in exchange for being overworked. We can't even expect that. So we're changing the rules. 😎
I think this pandemic has taught people the importance of multiple streams of income, unfortunately having a job doesn't mean security rather having different investments is the real deal.
@David Scott You're right, but i will advice everybody who is into cryptos to Stick with ETH and BTC as much as you can. everyone sells when it starts to fall, which some points it will, the dream may be lost because it being too volatile for companies to get behind.
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Good talk! I said that to my friends everyday. Saving is good, but investing is much better, I used to think saving money would save me but NO, saving is just keeping it to spend later.
Robert Reich is a national treasure and this video being an extended interview with him means I got an even better deal from clicking on this than I expected.
My Employer has embraced Work at home positions and in fact, had WFH positions available before the pandemic. Since our job is completely Computer and phone-based, It didn't take much to train us on a few additional remote work programs and send us home. Our Productivity level has even increased and Employee surveys have shown higher life-work balance and job satisfaction. It works so well in fact, that they are selling their sprawling office building and building a small new one closer to the city center. This space will have some office space for new hire classes and rooms for monthly team meetings but that is it.
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The decline in the US economy is the fact a few are keeping all the rewards for them self's. Evil is always self defeating in the long run. Always has been. Short term gain for long term loss.
I personally feel hybrid works best, being able to work from home some days to allow myself and easier day and eliminate commute really does wonders for my day, but I find myself getting bored easily so having he option to also work at the office some days and see my coworkers is a nice change. Being able to do both has worked amazingly for me, I see myself being more productive.
Weird watching the American working class making excuses for all their unnecessary hardship, defending the super rich upper class. We have 5-6 weeks of paid leave, paternity leave (for _both_ parents), 35 hour work week and yet still we're much more productive per capita then the US. Having happy people works.
I was working remote and miserable with micromanager who wanted to zoom every second of my day and oftentimes not enough hours to get the work done after all these video calls… I quit! packed my bags and moved to Europe! i’m now working 5 days in office, but in a much more relax environment where my work is appreciated and work life balance is emphasized by my boss and peers! no regrets and hope i never look back at the US Job market!
So thankful my job has embraced a fully remote model for my department. I am able to take care of my cats (one of which is elderly) keep my house clean, make sure I'm cooking at home everyday during the week. And I save so much on gas only having to fill up once a month. I am truly thankful
Mechanical engineer here. Working remotely is great but I can definitely see how the newer folks need to be at the office at a least a couple days a week for personal development.
NEW people should always be at office for at least a YEAR, working from home is a responsibility and a privilege that you shouldn’t play or grant to New people that you don’t know how serious they are at the job.
Even at mid-career, I do worry about remote affecting the promotional ladder. Will people who are on-premises more often get an intangible "bump", versus those who opt for more remote? Even in a fully-remote situation, will there be an edge to people who still are available during conventional hours (9-5, etc), versus those who work more naturally during early or late hours? There's also the concern specific to engineeers - they can get cheaper engineers abroad (not always same quality, but the higher-ups may not care).
Wait until company begin to outsource you guys for cheaper labors from country like Vietnam and India. Why pay US employees here $25/h for work from home, when company can hire work from home workers over sea for $200 per month. T Mobile is doing right now by outsource their customers service department over sea.
You're right about outsourcing. Call Amazon and you'll get someone with a thick accent or difficult to understand. My old company (customer service/real estate industry) relocated to another state, but the ultimate plan is to operate out of Latin America since natives their are becoming just as proficient in English as anyone from English speaking countries. However, as folks in developing countries become more dependent on tech and begin to consume more, they will also become customer service focused and those outsourcing Western companies will need to compete for cheap workers once again. In a way it's already happening, with some industries willing to pay high hourly/salaries to keep quality workers. The push for AI is what I'm most worried about.
They can easily outsource your job if you go back to the office. I'll just find another job just like the millions of other people who have had their jobs outsourced before or have been laid off.
Remote work from home equates to a huge jump in salary because it saves on commute time and costs, and it can greatly reduce the corporate operating costs as they don't NEED so much office space. The key here will be the amount of physical documentation that HAS to be passed between staff.
@@romeou4965 I agree, and it has, but there are still many documents that are required to be in physical form with signatures due to various laws, and some of those laws require the people acting on them to sight the actual original document with original signatures. Although those are getting fewer each year.
It's not the remote work that will be bad for the economy. Remote work is good as we're learning to be more productive. It's the inflation and having to hike interest rates with everything bubble that will hurt the economy.
I work for an organization with about 250 employees and 5 or so different departments. My boss can’t stand everyone working from home. It’s driving him crazy. He goes into the office everyday, even though none of the other managers do. Right now we go in only one day a week and they stagger us. We’ll probably go back to two days in and that’s great to us, but he hates it!
When I was a kid, we dream of having advance machines that will do most of the work for us. We no longer need to worry about food, so we can live freely without the worry like shelter, food, safety. We focus on the aspect of arts and philosophy, focus on exploration on the unknown. For the advancement of the human race. Nope…we have to work long hours so we will not DIE in the wealthiest country on the planet. 8 years old me would’ve Mind blown if I tell him the truth.
Our company has gone hybrid 6+ years ago. Its profits kept increasing in double digits in the past two years while most workers WFH full time. All we want is to continue to work remotely (WFH) full-time post the pandemics. Spending 2-3 hours daily in commute is just a waste of time/energy/resources and is bad for the environment. If the government wants career women to start families/have babies, they should support them to work from home (if they can).
Work from home definitely does have it's benefits and it seems to make individuals much happier with more freedom and lack of commute time. My only issue with work from home are the ones where they don't have to be in the vicinity of their office, since this allows people to move from bigger areas, where their company could be located, to smaller ones now to save living costs. this ends up displacing residents in those smaller areas and even could price them out completely. Also because most WFH jobs retain salaries and jobs in different cities / states, it also doesn't truly support the local economies those people are living in. I'm well aware that WFH could make one person's life so much better, but it could also negatively affect hundreds of others at the same time.
I am watching this from Denmark. I think it will benefit most people in the US if things change to be more like it is in the EU countries. Here is some of what I think would be good that we have. - 37 hour work weeks. - 5-6 weeks paid vacations. Plenty of bank holidays as well and they are paid as well. - Health insurance isn't an insurance, it it just universal access to health care. Cradle to grave and not something you need to even think about. - Sick days is sick days, not something that eats away vacations days. And they are paid. - Children sick days. The first day a child is sick is seen as a personal day, no questions asked or anything. - 1 year of maternity leave. - In some EU countries it is against the law for employers contact their workers outside of work hours. In others it is just not a thing. - Unions. The vast majority of people are organized so unions have real power, lots of what workers enjoy has been won through be unionized. - Social security systems that ensure no real poverty. Access to higher education is free in most EU countries, here in Denmark people are paid like$900 a month to study. This makes for overall high education levels which makes for a good economy and it also means social mobility is more real here, then income of parents doesn't influence who gets to study. Some of what we don't have: - Going bankrupt over health care costs. - Staying in a terrible job in order to have medical insurance for the family. - Work schedule changes without warning. It is against the rules. - Having to work two jobs to just survive. Even a McJob comes with decent pay and rights, as in all the things listed above. - Homelessness. While not completely unknown it is really not a thing, the exception can be people that choose to sort of live outside society and not take the aid being offered.
@@sukmidri And exactly how is that different? Most of what I list is similar in all of the EU, meaning it works for 447 million people so is it the US is to big or not big enough?
@@josephinebournes8212 Again, most of what I listed is similar in all of the EU, but perhaps you wanna list what is not like what I listed outside the Nordic countries? Also do remember I talk about the EU nations, not Europe which is more countries some of which are very different and not democratic.
It’s great WFH began when it did or I wouldn’t be able to support my son in his sport. Instead of working in the office, I work at different coffee places and wherever I need to take him. I still get what I need done done. People working at the office may not really be working all the time anyway.
We have what around 1M homeless children in public schools. The child tax credit monthly was great for kids in poverty. Trust me anyone that is FOR child poverty is anti-future and not forward thinking.
Interviewing is a skill... One that this gal does not have, when every response is just , "huh," or "yeah." Could have just had this guy read his own question off a notecard
Most likely a pre-set list of questions. Also, Robert Reich is great, but even as a moderate, he's a bit to the left of CNBC's usual 100% corporate stance. So there's only so much she can say, when Rob's over here saying "unionize" in extra words
It’ll be about 50/50 I think given that about half of jobs can’t be done remotely and out of that half it’s fair to say half will accept some type of work from home. Which will honestly be a net positive for the economy and workers. The industries that depend on office workers being in office are more problems than benefits and between the increase in productivity and the money workers are saving will boost the economy.
It's nice to have a high paying job with the ability to work anywhere and buy multiple properties. Many can move to a place like Hawaii. Unfortunately for native Hawaiians they cannot afford to compete with people who can afford multiple properties. Native Hawaiians will continue to see rising home prices and may be pushed to live in their cars.
When so much pressure is put on people to "look busy" all day just to appease some useless middle-manager and in reality do about 4 hours of actual work, it's really not a wonder why people prefer the hybrid or remote model. Of course people prefer to work from home or have a hybrid model.
This guy is a real genius. Definitely deserves some position in the govt, as his thinking and intelligence can definitely revive and boost the economy. Pls do more interviews with him. Would love to listen to more of his wisdom 😎😎😎
@@infini.tesimo Yea we can't have someone speaking for the people and their issues. Let's just be a fan of Elon and make him richer. That should solve our problems.
There has to be some sort of check and balance with that. We are currently a consumer based economy, you take away the consumer because of AI you don’t have an economy. There needs to be a shift
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My first experience with him, he gave me the assurance that has made me invest without fear of losing. So I invested $3000 and after 7days l made 200% interest withdrawing $9000
I'm all for WFH, but I also worry: if your job can be done from your home, it can be done from another country, and companies have showed that they can outsource huge numbers of jobs for profit.
Different circumstances, the company gives you the equipment and if you are in another country that does NOT have a local office from the company then….. that’s probably not an option. Maybe they can agree if all equipment is yours.
@@powerhouse884 What more equipment is involved for 99% of these jobs other then a laptop loaded with whatever software the company uses? Maybe a company cell phone? That crap is all made over seas anyways, corporate puts in an order for a couple thousand laptops straight from the 3rd world source, and then starts handing them out to all the individuals over there who are more then pleased to take that $1.50 an hour home to their families. They're no doubt saving money by being able to shut down the huge central office building. Everyone's already paying for their own electric and internet at home, so corporate is saving huge on that. So gee what do you suppose the next step is that they could take to line their pockets even more?? Maybe start outsourcing jobs from the bottom of the talent bucket? Getting them up to speed overseas on the simpler parts of the everyday going-ons and then giving them a little more, and a little more, and a little more... Until all that is left State side is a the CEO and few of his cronies.
@@admiralrustyshackleford119 You live in a fairytale land. Companies don’t revolve around whatever miss conceptions you have. My company gives you a Tower PC, Multiple monitors, Safe Battery for the entire thing, keyboard, Mouse, Laptop, Desk phones, etc. Not every job is as simplistic as you make it out to be.
@@powerhouse884 Okay, sure not every job is that simple. But history is absolutely full of companies who turned their backs on their employees to pack up shop and head over seas for cheap labor. If you think yours would be any different given the opportunity then you're actually the one living in fantasy land.
Interested he mentioned the financial industry gobbling up talent, I work for a bank and had job security during the pandemic they paid me to stay home when it all started and even now after changing positions I can work hybrid. My company realized that if they forced ppl who did not need to see clients face to face to come in they would lose alot of ppl, maybe this is why the financial industry is gobbling up ppl. I think some companies are trying too hard to go back to normal (to soon honestly) and now that we know alot of jobs do not need to be in person it's an uphill battle for them. Edit: maybe I commented too early, it seems clear he has an issue with capitalism, therefore he hates the financial industry as it the epitome of capitalism. While I'm not a purponent of capitalism myself, what I can say is the financial industry will always be and that provides a level of security. I love the arts however it's not known for being secure one day you're in the next you're out. I've worked in alot of industries and if I stayed in them during Covid I would have been jobless. Just because it doesn't produce anything physical doesn't mean it shouldn't exist
I like how the interviewer lady keeps asking slanted questions in a way that implies the economy will collapse, meanwhile every company seems to have better productivity. I am picking up bias and attempts to paint remote as bad. Shame for any journalist to have that
I really love how the pandemic's silver lining is this new hybrid way of working. The power to chose where to work has shifted back to employees, rejoice! - Too bad it's not the same for me. Housing in the Netherlands is so expensive that I can't afford 'office space' inside my home. I worked from my tiny kitchen table alongside my partner for close to two years. Glad I can go back into the office now! -
As a single mom of 4 I didn’t ask for the fathers of my children to walk away. I still work and manage the entire household. The child tax credit was a huge peace of mind for my family!! It allowed me to put my 5 year old in dance class without worry if I’ll have enough to pay it through the recital. Allowed me to take a vacation with my kids that we had not had in over 3 years. Allowed me to get them clothes when I otherwise wouldn’t. Hope they bring it back! I hope they vote Manchin and Cinema out!!!
It drove me nuts when I had to call a teammate and they were at a time. Didn’t answer their call and then immediately emails me with “I see you call. What’s up?” Pick up the phone, I can’t email back and fourth when a simple call will suffice.
Just wait till these companies that are forced to wfh start hiring from other states. More competition gives the employer the advantage over you since they have a much greater talent pool to choose from. Expect pay to go down too. Now apply this worldwide where you start competing with workers from countries that don't pay as much. Pay going to drop and give companies more power
@@Hedgeflexlfz 27 yrs of working as RN in hospital. My wages were very low. Topped out at $36 an hour. I did travel nursing and made more then double that rate. This is Florida. We have a staffing shortage.
Since international leisure travel does not exist anymore, families are saving about $5000 per year per family by not traveling. That money goes a long ways.
1.) There are people who are just lazy and don’t want to work. My dad worked at an Auto Repair shop as Sales person and a safety check specialist for over 20 years. Throughout his career, he has experienced lots of lazy and irresponsible employees that don’t show up for work or come hours late. They also drag their butts at work no matter how busy they get and don’t clean. They would often have some “issue” that requires them to take off early. My dad would volunteer to come early and leave late to clean up shop prep it for opening and closing and other stuff. Covid just made things worse. He recently retired. From his experience he thinks people are becoming more entitled and want money and not working for it. 2.) Hidden inflation. The old guy is only talking about prices getting higher. But there is a hidden inflation that no one is taking about. It’s quality and quantity. People are paying more for less. Anyone who had bought things in the 80s or earlier know that the quality of things were much better then than now. Now days things people buy are getting cheaper and cheaper quality. When quality can’t be reduced enough, the quantity is reduced. This the reason when we buy some items it comes with less than years prior. This is the hidden inflation that can’t be quantified. The real barometer for inflation of an area is housing and rent costs rather than the price of goods. 3.) Big Tech companies have created a lot of start up jobs. Amazon has created a platform that countless small businesses use to sell products to people all over the world, business that wouldn’t exist if Amazon was not around. Amazon Web Services runs the back end for many innovative market disrupting companies like Netflix. Apple had spawned the smart phone revolution which spawned countless App creators, accessory makers and sellers, and made Wireless carriers network expand leading to many jobs with contractors. Microsoft office products is the de facto standard for business. Business and Government can’t function without Microsoft. Just image the amount of business that were created over the years to make software to run on Windows? If that imaginary number boggles the brain, also add the amount of companies that were created to consult and or support Microsoft products for other companies. Big tech has created far more new companies than it out competed.
Absolutely not. Home is home and work is work. For those that already have a home business then this doesn’t matter because it’s their business. But when you start to work from home and it’s not your business, then you are forever bound in an environment that will never allow a release from work stresses. You can’t go home from work…..you are already there. Avoid working from home as a salary earner at all costs if you want your life to be normal.
I negotiated in my evaluation the option to work from home. My request was granted. As a single parent, this model makes sense for me. It allows me a quiet environment at home when my kids are at school, it eliminated aftercare, decreased my fuel costs, and allows me to be a more functional parent. My kids love seeing me when they get off the bus and dinner is always on the stove. My productivity is through the roof. I wake up super early before work and Im able to clean, cook, exercise, etc. I feel like I have a better balance. UPDATE: If I do feel like my productivity at home may be going down, I do have the flexibility to go into the office. Sometimes I do feel the need to switch up environments.
I’m so happy for you!
Glad it’s working for you!!
Thank you for sharing. This is an option many parents could benefit from.
@Lordeverfall100 That doesn't mean every company will be like that. we will need more time and data. It really depends on the people and priorities of each employee and company values
More stories like this need to be told. Happy for you!!
I asked for a raise in August and was told to wait. I decided not to wait any longer and left for a remote job in December. My old job had to hire three people to do the work I was doing. I’m working from home now and am very pleased.
Good for you! Overall I’m happy where I work (and it’s only one day in the office), but I absorbed two people’s jobs when they quit. We have another one about to retire and I’ve already told them they have to replace her. It will be impossible for the two of us left to do our jobs and hers.
I’ve been there and I know just how you feel! I’m so happy for you. Cheers.
So happy for you. The best way to talk is with your feet!!
"We don't work for the economy, the economy works for us!" Well said!
YES!!
Remote work is more efficient for the company, better for the employer & a lot better for the planet. It reduces a lot of fossil fuel waste derived by unnecessary commuting. Plus this will finally get rid of those horrible open office environments that we were completely forced into despite being dirty, germy & hugely distracting. For me life & real freedom didn't start until the pandemic!
RIP small businesses near offices
@@mohnella It is sad but many industries die. Typewriters were a huge industry in the 50s. more than computers today. You can't even buy one now :lol:
Trains were good for commuting.
@@mohnella convert to a home catering/ meal delivery business. It takes less footprint to found one. They can establish such business from their garage
Not always better. If co-working spaces are available, maybe. Working from home can actually have a detrimental affect on productivity. What is the remote worker's workspace like? Is there actually room to work? Are there too many distractions, e.g. noisy kids or pets, a television in the room, etc.? What's the Internet connection like? Is it fast enough? Reliable? Secure? Don't forget the added challenges for the IT department.
If low wage workers getting basic dignity in their work and life is "going to hurt the US economy" then we are doing this whole thing wrong. This pandemic is going to be seen as the pivot point where workers have realized their power and are fighting back against exploitation by bad companies and bad managers. The markets will continue to and have responded. Bad companies are finding it hard to staff. They will need to fix their labor practices or suffer the consequences.
Also, bad companies suffering due to bad labor practices doesn't "hurt the economy". This is how capitalism is supposed to work. Bad labor practices leads them to lose out on the best labor. That leads them to being less competitive. This is not an economic issue. This is a bad management issue.
Such a good point!
Its funny too, that many businesses who are able to have workers work remotely, are essentially saving thousands in utilities for their office buildings. While technically just shifting the utility bills to their employees. Or able to shift other costs in order to achieve bigger savings. And/or may not even need as many office buildings. So, I don't understand the huge demand for workers forced to return to an office environment everyday.
@@flameshoter6 It's still a bad management issue. Financially, it's better for all parties. The problem is managers are uncomfortable with not seeing their employees daily and are convinced their slacking off even if production is increased. Imo they will, in the next 3-5 years, come to terms with remote work and it will be the norm to be able to go all remote, partial remote, or all in house by choice by the employee.
@@Black_CoreyNFin I wouldn't say bad management. Just loss opportunity. Most people in management today still remember a time without computers and everything was paperwork. Some of them enjoy the company of others. They would feel completely isolated from society otherwise. And I agree with most of what you said otherwise. This was probably the same thought they had when switching from paperwork to computers back in the 80's and productivity skyrocketed. Management thought that computers would make people lazy because they weren't working hard filling paperwork. It wasn't until they understood computers or its usefulness that it changed their minds. Plus the costs being more affordable. Same thing with working remotely. Management just thinks people are fooling around at home. So they force employees to use software to see if people are typing and clicking away non-stop.
But for my instance, I work as part of the state I'm in. Handing out millions of dollars to businesses. But only recoup a small fraction based on agreements. And would never be enough to solely pay employees from those recoveries. My supervisor wants me to work like an Amazon employee even when there is no work coming in and everything from all angles are completed. But she would rather have me stare at a empty computer screen for 8 hours rather than allowing me to do something productive at home or wasting time on my phone while remote. There was a time during the pandemic when we were all working strictly remote. She wanted daily updates on what I was doing. But when there is nothing to do, there is nothing to update. She never really complained about that ironically. But if I was on my phone in the office for even a minute, that was crossing a line with her lol.... Accused me of being rude and combative. But have only ever been nice. Talked to management, and her whole personality changed because they have known me for working like 3 people's jobs. And even at that point in time, there were periods of times when I had nothing to do. Everything was caught up and no emails being received. And there was no issue with me being on my phone.
Now that I’m remote I am much happier. My mental health is much better because of it. No more micro-aggressions or awkward moments. No more having to navigate telling people that I don’t want to go to lunch with them. As an introvert - it’s lovely 😌 Ps. I believe America will be ok. I think we need to put more emphasis on walking, biking and shopping local so we’ll still have a sense of community. That connection makes a difference. I think that’s more important since people are working from home.
So true. Great points.
As a fellow introvert, I agree with all of your points! I switched jobs last year to be able to work remotely with a pay increase, less stress, and no unpaid overtime. After my first month on the job, my mom got diagnosed with lung cancer, and now I'm actually given the time and space to help her to appointments or whatever she needs. I could never do that at my previous job!
I hope that many more people will take advantage of this opportunity and find something that will make them happier and enjoy what life has to offer moving forward.
@@ellie_cr I’m so happy for you. I can imagine that that’s a huge weight that’s been lifted. I hope people take advantage of this opportunity as well!
Hybrid is the future. My employer has been a bit wishy washy with the concept but I definitely plan on working in that model moving forward regardless of my current employer's stance. If they pull me back to the office permanently, I'm out. Love having a few more consistent days where I can book life appointments. Love not being exposed to toxic co-workers 5 days a week. Love saving money on gas. Love having space and less noise to get stuff done.
My brother who is a software engineer, wanted a hybrid work at home situation. Even though he worked 45 years for his employer, when his employer insisted he work in the office full-time, he chose to retire early.
Good for him. I bet he can easily find another job or even a part time remote.
Tell your brother to look into freelance gigs
Software engineer, he can find work elsewhere on his terms easily. If he retires people will call him for offers.
Good for him. That's awesome.
They let 45 years experience leave? Smh
My employer has fully embraced hybrid work, to the point where they sold all of the buildings they owned, and are now leasing the space from the new owners for the next 12 years. I think the pandemic dragging on for almost two years made them take a second look at their real estate footprint. Right now the big talk around the company is the concept of 'hoteling' or signing up for a desk space if you need it if the office. They have also come out with a policy that treats coming into the office space as a optional perk rather than a requirement.
The next thing they could do is to outsource your job to some people in India
@@charlieng3347 That's your fear, not mine.
@@charlieng3347 lol scared of a bit of competition
@@kevinjoseph9689 You're able to compete with $5000 a year apparently, while living in the US and it's costs.
I wonder what the sale price to Lease agreement would be. Doesn’t financially make sense for us to sell our HQ atm
At my agency we have tracked performance and its clear work from home has not reduced productivity, and self reports show employees happier and healthier. Its been amazing for my household, more time with them, more time for my toddler, and just less stress all around.
What we're not taking into account is, what will happen to all this un-needed office space? It's not your problem, or mine.
But the question is the economy in general.
Sounds like the commercial real estate market has concern.
@@TheBandit7613 if it was overextended then it needs to crash. If it crashes, the demand requires a lower price.
@@TheBandit7613 I'm a housing economist actually and yeah, I am watching the CREI market in major cities where big employers are moving to home based work (i.e. DC metro). Keep in mind leases are locked in for years, so we won't see a switchover overnight, but yeah, office to apartment conversions could happen, or downtowns could simply lose appeal.
@@TheBandit7613 Lots of ripple effects. With many working some days or every day from home there is:
1. Less commute = need for transport ie. less need for roads/trains/buses/planes and less need for the infrastructure they require.
2. Less need for business travel, so see 1. Plus add less need for hotel rooms, places to eat and so on.
3. Less need for the business uniform - or maybe just the business pants 🙂
But on the other hand there is:
1. Need for more internet speed.
2. Home office equipment.
3. Space for home office work.
4. A need for new ways to have that talk at the water cooler.
@@shanewillbur1325 It happened so fast it's unnatural.
Come to think of it, the whole economy is unnatural. Manipulated too-low interest rates, Manipulated high oil price which serves to make Russia a ton of money (which is why they are horsing around in Eastern Europe) Insane housing prices in many markets. My house is close to a million.
The free market has been corrupted. I can hardly wait to see what happens next.
Many industries could’ve been working from home. It’s more cost effective too. The problem is companies can’t micro manage your entire life when you aren’t in the office.
If you don’t embrace remote work you are limiting your companies talent pool. Geographically isolating your company is a losing strategy. The best candidates won’t move their families for you.
They’ll just find someone who will take it it won’t be hard
@@auroramothergoddess But that potentially limiting.
Yes some guy or girl will take the job. But dosnt mean you are getting quality talent.
@@JDBass36 they don’t care
The fact that one doesn’t have to work with people who are annoying, is reason enough to work from home/remote.
Yes but passive aggressive slack messages aren’t much of a step up…
@@pathologicaldoubt haha tell me about it
If employers continue to disrespect our existence, there will remain consistent resistance regardless of those who still tolerating office politics, low wages without bonuses, ridiculous commutes, and ubiquitous absence of upward mobility.
You are correct. Yes, these jobs might be taken by people who are okay with low wages and no benefits because they might really need them, but in most cases, these people won’t be nearly as prepared or educated as those who know their worth. It’ll hurt the economy to have low quality employees.
@@dapivimu usually those people leave and they have a high turn over rate.
It makes more sense for my company to be fully remote. Software engineers do nothing but code, research, and are perfectly fine collaboration over remote. Even co-working spaces are available if needed. I think co-working space are going to become more popular for hybrid options as well.
And no distractions from the loud sales and UX folks sitting opposite us. That's a huge productivity gain right there.
These days everyone is an engineer literally the only job that pays well with the most freedom
Not with doctors or nurses.
What about security? It’s hard to keep software secret if you’re at home?
For tech companies I think it makes sense but the 3/4 day work week needs to be widespread enough to ensure companies can coordinate with each other
Or i may be completely wrong and it’s just a theory ,a work theory .
I’m still unclear why we’re encouraging work. Isn’t the purpose of innovation and productivity to do more with less? Haven’t we had jobs moved abroad to where labour is cheapest? And now aren’t jobs being automated? If progress isn’t about being liberated from work, then what? Is it just meant to lead to more consumption? How much? It will be impossible to solve climate change at even a fraction of current consumption levels. The goal, in my opinion, should be to produce and consume less, leave the labour market and spend ones life building relationships, having experiences, helping others, and creating. The policy challenge is not more jobs, but secure/stable well being: homes, nutritious food, education, health in a zero-carbon context.
Imagine all of those office buildings turned into other things like restaurants, housing, factories, etc
Where people can still work in person!!!
It would benefit every one
Affordable housing for the homeless.
Factories? We barely make anything in America anymore. Would be great if we could!
@@kimchloe4458 I mean affordable housing is nice because all I see are luxury apartments that don’t look too luxurious but are over priced
Any company not doing hybrid or remote will suffer. People will just goto companies that do hybrid and remote work. Its really that simple...
In my market, there is a lack of interest of full office work. My company had to change the offers as no new young graduates accept office work,
The difference between Gen Z and Millennials is this
Millennials at least grew up with the illusion that they'll have a great adulthood. Gen Zs grew up knowing we are doomed.
Lol no we didn't. I was 14 when 9/11 happened and 22 when GFC happened. Those 2 events changed so much. The pandemic has been a wash out for all of us though. Every generation grows up with the same existential doom. Even Boomers had to deal with the very real threat of nuclear annihilation and the Vietnam War.
@@bisiilki yeah, every generation has their doom!
Imagine saving 10 hours a week from commuting 😍👍
Ong
And imagine all of the money people will save if they do that
10 hours?... I save 20-30 hours a week... and yes you can save a few grand a month as a result.
@@GaryBurtka wow good for you
@@GaryBurtka and think about all the people that do commute and won't have as much traffic to work around
It’s all about options. Plain and simple. If your employee wants to work remotely then give them that option. Don’t force people to work in an office if them don’t want to
There is also a particular problem in California where Dr. Reich works: there is a health care penalty. Many employers do not provide health care, particularly for gig-workers, and health care premiums are extraordinarily expensive, close to 900/mo., more if you have a low deductible plan. The tax penalty can be over $3000 per year. So workers are caught between a rock and hard place, and many are simply paying the penalty and forgoing health care entirely. 1 month of health care is close to 5 months of food expense. There is something wrong with that equation. It's unsustainable.
Literally health insurance is a trap for slave workers to be slaves for the billion dollar corporations
Here's a solution move from California
The 2 have nothing to do with each other.
@@saulgoodman2018 The "2" what? Health care premiums and health care penalty? The are very definitely associated by legal definition. Gig working and health care coverage? That's the point, there are no laws regarding that for gig workers, so fewer gig workers are covered by health care from business.
@@Zuckerpuppekopf This video is about hybrid work, not insurance.
The US economy survived the past 2 years of remote knowledge work...
Im glad to hear the US is changing, the US is great as long as your not sick and work double shifts.
I’m a Scandinavian myself. I’m used to 1 year paid maternity leave. If you get unemployed or fired you are entitled to 3 years of something called “back to work” payment from the government. That’s usually 60% of your last 3 months paycheck average not great, but it’s doable, you can keep your house, most banks freeze the down payments, as long as you pay interest etc.If you get sick, you have 1 year full salary, after that you either end up in this “ back to work” paid for by the government, or you get disability. Disability is not great but you get about 40K$ or year + any disability insurance you have been having. Healthcare is free, you need to pay a maximum of 300$ a year. If your medical bills exceeds that then it’s free.
Childcare varies a bit depending on the sitting government, but all children have a right to 8-5 childcare right after the maternity leave ends. I think this last one is extremely valuable, think about 20 people watching over 50 kids, and then both the mother and father can work. That’s a no brainer for the GDP.
Hope the US gets something similar, it’s important with safety nets. You are not creative when you worry.
Taxes must be high there for all that. A least I think it would.
@@elvism684 Not really, I don't think we pay much more than americans, if you exclude the states with no income taxes.
Edit: I googled and apparantley I would pay 24% if I lived in california, that's just 4% less than in Norway, but I get all those social benefits.
@@H4ram Denmark is the heaviest taxed country in the EU, around 45% of your salary goes to taxes, while in the US is 25%…
Not really. The U.S. also has 45% tax brackets. It depends on how much you make
@@elvism684 and salaries are a lot lower than the US for middle class jobs. Its only better if you are low paid
having done both , this will eventually be like the feudal times. The lords and ladies will work from home , the serfs and peasants will commute to work.. It will cause hatred and resentment.. That all being said , im never going back to a job where I physically have to be somewhere at a certain time. It saps the soul , and destroys quality of life completely.
Very well say
I am a software Engineer by profession and I support remote work. I know many small businesses specially around office spaces are going to get affected but this is what it is!
What company do you workm
Your job easily can be done from home that doesn’t apply for most jobs
@@auroramothergoddess wait until company outsource workers over sea for cheaper labor.
@@olympic-ass-eater right these guys have it nice now but there is ageism working in tech they’ll be chewed and spit out before they know it
" by profession" waaaw must be hard profession copy paste from stackoverflow
Everyone must ask themselves what benefits does work from office give that it actually outweighs the benefits of working from home. 😎😎😎 Besides when working from home, people can save lot of time which they unnecessarily spend on commuting to work and getting stuck in traffic etc. Also when we work from home, we get to spend time with our kids and rest of the family which we can't while working from an office. Hence work from home gives much better work life balance when compared to working from an office 😎😎😎
People should be paid to stay home, no work necessary. Provide us talent not work. Work is slavery. Talent and skill is wealth. People at home work less than at work.
Let’s not forget the monetary savings for corporations having to lease less office space. Win win.
@@karlmckinnell8652 Yes, in all aspects I feel corporates must actually encourage and support Work from home😎😎😎
I've been working from home for the past 11 years with a one year stint of going to the office and another hybrid. Never again. If the company doesn't promote the position as remote only, I'm not applying. My position is a sit at your computer and do your work type job, which doesn't require in person anything. I still see jobs in my expertise area that have physical location requirements and laugh how clueless they are to the current economy. I love the flexibility and relaxing atmosphere of WFH, so that is something a company requiring in office work can never achieve.
I work from home since the pandemic and it has been an adaptation at the start but also such an improvement both for work and life as a parent. Any jobs that can be done from home should have the option to work from home if the employee wants it
I rather work from home because I save money on gas, lunch, and clothes. Plus I am not stuck in traffic.
I was very productive when working at home. Then my employer mandated for me and my coworkers to go into the office.
It's hard being in the office and have to deal with coworkers attitudes!!!
Greatest thing about working from home these past two years is that I don't have to deal with the insane bs called LA traffic. I 'm very thankful to not have to spend an hour and a half each day commuting and risking my life dealing with insane people on the highway
Now that employees have a taste of working at home they will never go back to the office. This is a movement that's just beginning
I believe everything will innovate with changes. My work incorporated the hybrid work from home system, and we are still capable of working. If anything, it made most of us wonder why didn't we do this early on.
We use MS Teams and other online methods of communication, so start-up Tech companies can blossom from this. The employees are saving time and gas from not having to commute and come into the office every day. Office space rent money can now be used on other things like hiring more employees and creating new jobs. It's a win-win for the employees, the environment, mental health/burnout, and unnecessary spending just for the sake of "going back to the office."
Which tools do you use besides MS teams in your daily work?
The pandemic just gave everyone a huge break and chance to really think about the change and what might happen later. the reason this didnt happen sooner was cause some or many was just like stuck in a job mind set and didnt really wonder how things might be if was able do same stuff from home anytime. it was like a test u try and if it goes right then it happens maybe but if not then all just stayed the same. so pandemic was just a reality check as to what caused change for any reason.
Ive worked in healthcare for 20+ years and I’m seeing a lot of what is being said here come to fruition recently. First, over the last month or so, patients and coworkers in my workplace are weary of what’s been happening the last 2 years and lots of people on edge and attitudes are really bad. Secondly, my company has just announced this past week they are changing the pay scales of most of the jobs in our company to, stop the bleeding as it were, of workers leaving and being unable to find new workers. A lot of us are seeing 5-10 percent increases in our base pay - I was quite surprised, but makes sense after listening to what these people are saying.
The economy changes with the behavior of the people. It's not a living thing it can't die.
Studies...studies...just ask real people. They are exhausted and want change.
Right these high paid professors just blabbering nonsense
Never going to hybrid work. Work from home only.
😂
Correct! Save time save life
Kudos to all those finding a better life for themselves!
As far as my dad’s employer is concerned, working from home is a massive bonus for it. When people work from home, they don’t need to provide computers, air conditioning, office space, heating, or lighting, and they can pay the same amount and get similar amounts of work done. Even when people can’t work as well at home, the savings are huge. Once we adapt to this system and stop heating office blocks with no one in them, it’ll be a net benefit for most businesses.
Software engineer at a start up here. I work at a job with amazing benefits, unlimited PTO, good pay, free lunch, chosen work hours, wfh or in office if I want, free Healthcare, stock options...etc. I genuinely like the work, I work extra sometimes because I actually find it fun. Our company is desperate for more people, the opportunities are out there!
What company do you work for ?
Of course you do
Plus companies will just hire overseas for cheap labor
@@auroramothergoddess Not just because of that but also because of lack for quality professionals especially in tech in America.
Why didn't you share what company you work for?
People who knew that they were exploited by employers left during this period and companies can’t stand that
Companies miss their slaves lol
So true!!
Corps are just mad we like had a plan but didnt say then when pandemic got going it went into affect anytime for our own gain and not theirs. some or many jobs was already seeing how they can get less to do more by hiring less anytime. and now we pretty much said fu and left jobs for any reason.
I am Cuban, live in Havana, Cuba, am professional and know very well the Socialism-Communism theories which cause the fall of socialist system everywhere likewise led my country to ruinage.
What my self-learned understood from you is, that The United States of American have arrived to right Socialist system. The pandemia has proved it. Now USA has to manage with the possible bad future effects of many of these policies, because of pandemia.
My best regards and wishes of successes, from the bottom of my heart and my consciousness, like Israel did. I was there and saw the system. I saw the Socialism in Israel that we have not in Cuba.
This man always has wonderful things to say. I hope it’s heard and we progress the way we operate and how we see the “perks” of working.
I would prefer working 4 days a week.
It's not just about millenials having a different set of values than our parents. Millenials are expected to work MORE hours for LESS pay.
At least the previous generation could afford a decent lifestyle in exchange for being overworked. We can't even expect that. So we're changing the rules. 😎
I think this pandemic has taught people the importance of multiple streams of income, unfortunately having a job doesn't mean security rather having different investments is the real deal.
@David Scott You're right, but i will advice everybody who is into cryptos to Stick with ETH and BTC as much as you can. everyone sells when it starts to fall, which some points it will, the dream may be lost because it being too volatile for companies to get behind.
@Alexander Erickson I was able to see that he is a registered trader, cause I don't believe 😩 anything I see online but I'm definitely shocked that he is real, how do I reach him please ?
@Alexander Erickson Thank you for dropping this information, i just
sent him a message. I really appreciate it
I think a very good strategy and manager is what we need to make good profits from trading, Edward Miller strategy and robotic system guarantees maximum wins, he trades for me and av been very successful.
Good talk! I said that to my friends everyday. Saving is good, but investing is much better, I used to think saving money would save me but NO, saving is just keeping it to spend later.
Robert Reich is a national treasure and this video being an extended interview with him means I got an even better deal from clicking on this than I expected.
For real. It's great seeing more leftists, or people with leftist leanings, getting more voice in American media.
My Employer has embraced Work at home positions and in fact, had WFH positions available before the pandemic. Since our job is completely Computer and phone-based, It didn't take much to train us on a few additional remote work programs and send us home. Our Productivity level has even increased and Employee surveys have shown higher life-work balance and job satisfaction. It works so well in fact, that they are selling their sprawling office building and building a small new one closer to the city center. This space will have some office space for new hire classes and rooms for monthly team meetings but that is it.
When it comes to the world of investing,most people don't know where to start. Fortunately great investors of the past and present can provide us with guidance
There are platform where you can invest and they trade your money. Then pay you profit either weekly or monthly. That's investing.
Investing in stocks is good idea,but a good trading system will put you through many days of success.
I also trade with Mr Edward , and I must say he makes money making seem a whole lot easier right now I’m a single parent and I pay the bills comfortably since I met Edward Jones he’s absolutely amazing and I recommend him the best
I have seen a lot of recommendation about Edward Jones, Please how do i get in touch with Mr Edward? I would love to trade $2000 with him
@Alexander William Thanks you for this. I just looked him up on Google and impressed with the information I came across Will definitely reach out to him now. Thanks again
The decline in the US economy is the fact a few are keeping all the rewards for them self's. Evil is always self defeating in the long run. Always has been. Short term gain for long term loss.
I personally feel hybrid works best, being able to work from home some days to allow myself and easier day and eliminate commute really does wonders for my day, but I find myself getting bored easily so having he option to also work at the office some days and see my coworkers is a nice change. Being able to do both has worked amazingly for me, I see myself being more productive.
Weird watching the American working class making excuses for all their unnecessary hardship, defending the super rich upper class.
We have 5-6 weeks of paid leave, paternity leave (for _both_ parents), 35 hour work week and yet still we're much more productive per capita then the US. Having happy people works.
In Norway's case that is due to the large oil wealth per capita. Without it you'd probably be closer to sweden (11th).
@@peterdisabella2156 And weirdly enough, they have the same level of workdays and free time, and guess what? Same productivity level.
@@brynyard OK but they aren't as productive per capita by the data. They are 11th as I said.
@@peterdisabella2156 what about the Swiss then?
And for working half the hours you do, I’d rather live in Sweden ;P
@@peterdisabella2156 and btw, you «complain» about Norway having oil, so do you.
I was working remote and miserable with micromanager who wanted to zoom every second of my day and oftentimes not enough hours to get the work done after all these video calls… I quit! packed my bags and moved to Europe! i’m now working 5 days in office, but in a much more relax environment where my work is appreciated and work life balance is emphasized by my boss and peers! no regrets and hope i never look back at the US Job market!
So thankful my job has embraced a fully remote model for my department. I am able to take care of my cats (one of which is elderly) keep my house clean, make sure I'm cooking at home everyday during the week. And I save so much on gas only having to fill up once a month. I am truly thankful
How is the economy worse off when I'm not spending two hours of my day commuting on a highway?
Love hybrid option! I can’t imagine going back to office 100%
Mechanical engineer here. Working remotely is great but I can definitely see how the newer folks need to be at the office at a least a couple days a week for personal development.
NEW people should always be at office for at least a YEAR, working from home is a responsibility and a privilege that you shouldn’t play or grant to New people that you don’t know how serious they are at the job.
Even at mid-career, I do worry about remote affecting the promotional ladder. Will people who are on-premises more often get an intangible "bump", versus those who opt for more remote? Even in a fully-remote situation, will there be an edge to people who still are available during conventional hours (9-5, etc), versus those who work more naturally during early or late hours?
There's also the concern specific to engineeers - they can get cheaper engineers abroad (not always same quality, but the higher-ups may not care).
Wait until company begin to outsource you guys for cheaper labors from country like Vietnam and India. Why pay US employees here $25/h for work from home, when company can hire work from home workers over sea for $200 per month. T Mobile is doing right now by outsource their customers service department over sea.
You're right about outsourcing. Call Amazon and you'll get someone with a thick accent or difficult to understand. My old company (customer service/real estate industry) relocated to another state, but the ultimate plan is to operate out of Latin America since natives their are becoming just as proficient in English as anyone from English speaking countries. However, as folks in developing countries become more dependent on tech and begin to consume more, they will also become customer service focused and those outsourcing Western companies will need to compete for cheap workers once again. In a way it's already happening, with some industries willing to pay high hourly/salaries to keep quality workers. The push for AI is what I'm most worried about.
They can easily outsource your job if you go back to the office. I'll just find another job just like the millions of other people who have had their jobs outsourced before or have been laid off.
@@JF-vw9lv but not as many outsource if you go back to office unlike work from home.
@@olympic-ass-eater Unless your job requires a security clearance and background check…
Remote work from home equates to a huge jump in salary because it saves on commute time and costs, and it can greatly reduce the corporate operating costs as they don't NEED so much office space. The key here will be the amount of physical documentation that HAS to be passed between staff.
PDFs via email should suffice as documentation between staff
@@romeou4965 I agree, and it has, but there are still many documents that are required to be in physical form with signatures due to various laws, and some of those laws require the people acting on them to sight the actual original document with original signatures. Although those are getting fewer each year.
It's not the remote work that will be bad for the economy. Remote work is good as we're learning to be more productive. It's the inflation and having to hike interest rates with everything bubble that will hurt the economy.
I work for an organization with about 250 employees and 5 or so different departments. My boss can’t stand everyone working from home. It’s driving him crazy. He goes into the office everyday, even though none of the other managers do. Right now we go in only one day a week and they stagger us. We’ll probably go back to two days in and that’s great to us, but he hates it!
When I was a kid, we dream of having advance machines that will do most of the work for us.
We no longer need to worry about food, so we can live freely without the worry like shelter, food, safety.
We focus on the aspect of arts and philosophy, focus on exploration on the unknown. For the advancement of the human race.
Nope…we have to work long hours so we will not DIE in the wealthiest country on the planet.
8 years old me would’ve Mind blown if I tell him the truth.
Our company has gone hybrid 6+ years ago. Its profits kept increasing in double digits in the past two years while most workers WFH full time. All we want is to continue to work remotely (WFH) full-time post the pandemics. Spending 2-3 hours daily in commute is just a waste of time/energy/resources and is bad for the environment.
If the government wants career women to start families/have babies, they should support them to work from home (if they can).
Work from home definitely does have it's benefits and it seems to make individuals much happier with more freedom and lack of commute time. My only issue with work from home are the ones where they don't have to be in the vicinity of their office, since this allows people to move from bigger areas, where their company could be located, to smaller ones now to save living costs. this ends up displacing residents in those smaller areas and even could price them out completely. Also because most WFH jobs retain salaries and jobs in different cities / states, it also doesn't truly support the local economies those people are living in.
I'm well aware that WFH could make one person's life so much better, but it could also negatively affect hundreds of others at the same time.
Robert R! Always a wise and sane outpost in an otherwise barren and insane world of financial thought. Brava for having him on!
I am watching this from Denmark.
I think it will benefit most people in the US if things change to be more like it is in the EU countries.
Here is some of what I think would be good that we have.
- 37 hour work weeks.
- 5-6 weeks paid vacations. Plenty of bank holidays as well and they are paid as well.
- Health insurance isn't an insurance, it it just universal access to health care. Cradle to grave and not something you need to even think about.
- Sick days is sick days, not something that eats away vacations days. And they are paid.
- Children sick days. The first day a child is sick is seen as a personal day, no questions asked or anything.
- 1 year of maternity leave.
- In some EU countries it is against the law for employers contact their workers outside of work hours. In others it is just not a thing.
- Unions. The vast majority of people are organized so unions have real power, lots of what workers enjoy has been won through be unionized.
- Social security systems that ensure no real poverty. Access to higher education is free in most EU countries, here in Denmark people are paid like$900 a month to study. This makes for overall high education levels which makes for a good economy and it also means social mobility is more real here, then income of parents doesn't influence who gets to study.
Some of what we don't have:
- Going bankrupt over health care costs.
- Staying in a terrible job in order to have medical insurance for the family.
- Work schedule changes without warning. It is against the rules.
- Having to work two jobs to just survive. Even a McJob comes with decent pay and rights, as in all the things listed above.
- Homelessness. While not completely unknown it is really not a thing, the exception can be people that choose to sort of live outside society and not take the aid being offered.
Denmark also only has 5 million people with 94% of them being white.
Not the same thing
@@sukmidri And exactly how is that different?
Most of what I list is similar in all of the EU, meaning it works for 447 million people so is it the US is to big or not big enough?
You're speaking on behalf of Nordic countries, not all of Europe
@@josephinebournes8212 Again, most of what I listed is similar in all of the EU, but perhaps you wanna list what is not like what I listed outside the Nordic countries?
Also do remember I talk about the EU nations, not Europe which is more countries some of which are very different and not democratic.
Great opportunity to minimize corporate real estate and rezone the land for single family homes so people can afford housing again.
this is a major oppty in crowded metro areas! (But doesn’t have to be limited to single-family homes; any/all safe homes)
Attached single family homes and condos please
This gentleman is saying a lot of important stuff, thank you
It’s great WFH began when it did or I wouldn’t be able to support my son in his sport. Instead of working in the office, I work at different coffee places and wherever I need to take him. I still get what I need done done. People working at the office may not really be working all the time anyway.
We have what around 1M homeless children in public schools. The child tax credit monthly was great for kids in poverty. Trust me anyone that is FOR child poverty is anti-future and not forward thinking.
Nobody cares about mother’s and children
Interviewing is a skill... One that this gal does not have, when every response is just , "huh," or "yeah." Could have just had this guy read his own question off a notecard
Was literally thinking that as well
Most likely a pre-set list of questions. Also, Robert Reich is great, but even as a moderate, he's a bit to the left of CNBC's usual 100% corporate stance. So there's only so much she can say, when Rob's over here saying "unionize" in extra words
🤣
It’ll be about 50/50 I think given that about half of jobs can’t be done remotely and out of that half it’s fair to say half will accept some type of work from home. Which will honestly be a net positive for the economy and workers. The industries that depend on office workers being in office are more problems than benefits and between the increase in productivity and the money workers are saving will boost the economy.
It's nice to have a high paying job with the ability to work anywhere and buy multiple properties. Many can move to a place like Hawaii. Unfortunately for native Hawaiians they cannot afford to compete with people who can afford multiple properties. Native Hawaiians will continue to see rising home prices and may be pushed to live in their cars.
Short answer NO!!!
People work MORE HOURS from home than they do at work. They are willing to do OT every time they can.
This is a no brainer.
When so much pressure is put on people to "look busy" all day just to appease some useless middle-manager and in reality do about 4 hours of actual work, it's really not a wonder why people prefer the hybrid or remote model. Of course people prefer to work from home or have a hybrid model.
With gas prices rising, employers and colleges should be considerate of people's finances and allow the option to work and/or study from home.
This guy is a real genius. Definitely deserves some position in the govt, as his thinking and intelligence can definitely revive and boost the economy. Pls do more interviews with him. Would love to listen to more of his wisdom 😎😎😎
He got destroyed by Elon.
@@infini.tesimo Yea we can't have someone speaking for the people and their issues. Let's just be a fan of Elon and make him richer. That should solve our problems.
@@ansh7335 Well said. 😎😎😎
Many companies are looking to replace human workers with robotic ones enhanced by A.I. will the U.S. economy survive that? Thats the real question.
There has to be some sort of check and balance with that. We are currently a consumer based economy, you take away the consumer because of AI you don’t have an economy. There needs to be a shift
Companies need to let people work from home, downsize their buildings, and pay people better with cost savings from reduced overhead.
Funny thing is, they do downsize but won't increase the pay because they can work from home. Logic..zzzz
I realized that the secret to making a million is saving for a better investment. l always tell myself you don't need that new Aston Martin or vacation in Hawaii just yet and that mindset helps me make more money Investing.
Regardless of all, lnvesting in crypto markets trading still remains one of the best ways of getting out of poverty and obtaining financial freedom in this global economic pandemic
Investing in Cryptocurrency is one of the best chance of making money
I bought btc at $55k then it went to 48k l sold it and it got to $60k l bought again and it went to $38k then l sold. Now it's $55k
Story of my life with crypto.
@Eric Carpenter I advice you trade with Mr Alvaro William
My first experience with him, he gave me the assurance that has made me invest without fear of losing. So I invested $3000 and after 7days l made 200% interest withdrawing $9000
I'm all for WFH, but I also worry: if your job can be done from your home, it can be done from another country, and companies have showed that they can outsource huge numbers of jobs for profit.
Different circumstances, the company gives you the equipment and if you are in another country that does NOT have a local office from the company then….. that’s probably not an option.
Maybe they can agree if all equipment is yours.
@@powerhouse884 What more equipment is involved for 99% of these jobs other then a laptop loaded with whatever software the company uses? Maybe a company cell phone? That crap is all made over seas anyways, corporate puts in an order for a couple thousand laptops straight from the 3rd world source, and then starts handing them out to all the individuals over there who are more then pleased to take that $1.50 an hour home to their families.
They're no doubt saving money by being able to shut down the huge central office building. Everyone's already paying for their own electric and internet at home, so corporate is saving huge on that.
So gee what do you suppose the next step is that they could take to line their pockets even more?? Maybe start outsourcing jobs from the bottom of the talent bucket? Getting them up to speed overseas on the simpler parts of the everyday going-ons and then giving them a little more, and a little more, and a little more... Until all that is left State side is a the CEO and few of his cronies.
@@admiralrustyshackleford119 You live in a fairytale land.
Companies don’t revolve around whatever miss conceptions you have. My company gives you a Tower PC, Multiple monitors, Safe Battery for the entire thing, keyboard, Mouse, Laptop, Desk phones, etc.
Not every job is as simplistic as you make it out to be.
@@powerhouse884 Okay, sure not every job is that simple. But history is absolutely full of companies who turned their backs on their employees to pack up shop and head over seas for cheap labor. If you think yours would be any different given the opportunity then you're actually the one living in fantasy land.
Some or many jobs have been outsourced for any reason and it continues if they see it possible to profit anytime.
Interested he mentioned the financial industry gobbling up talent, I work for a bank and had job security during the pandemic they paid me to stay home when it all started and even now after changing positions I can work hybrid. My company realized that if they forced ppl who did not need to see clients face to face to come in they would lose alot of ppl, maybe this is why the financial industry is gobbling up ppl.
I think some companies are trying too hard to go back to normal (to soon honestly) and now that we know alot of jobs do not need to be in person it's an uphill battle for them.
Edit: maybe I commented too early, it seems clear he has an issue with capitalism, therefore he hates the financial industry as it the epitome of capitalism. While I'm not a purponent of capitalism myself, what I can say is the financial industry will always be and that provides a level of security. I love the arts however it's not known for being secure one day you're in the next you're out. I've worked in alot of industries and if I stayed in them during Covid I would have been jobless. Just because it doesn't produce anything physical doesn't mean it shouldn't exist
Going into work is really a newer concept if you think about it. For millennia, people worked very close to home or out of their homes.
Yep. Look at the Amish. Wake up, take care of the farm, go to church, do some leisure in the afternoon, go to sleep, repeat.
Omg that sounds terrible. We going back in time. No diversity, we will just mingle with our own family n friends.
@@Kera707 unless you are someone people avoids, you are free to visit and gather with people whenever you wish...
I like how the interviewer lady keeps asking slanted questions in a way that implies the economy will collapse, meanwhile every company seems to have better productivity. I am picking up bias and attempts to paint remote as bad. Shame for any journalist to have that
What do expect media is propaganda
Got the same read, especially the title of the video
Yes. At a physical office, half my time is small talk. While working from home, I’m able to focus on my task from start to finish.
I really love how the pandemic's silver lining is this new hybrid way of working. The power to chose where to work has shifted back to employees, rejoice!
- Too bad it's not the same for me. Housing in the Netherlands is so expensive that I can't afford 'office space' inside my home. I worked from my tiny kitchen table alongside my partner for close to two years. Glad I can go back into the office now! -
As a single mom of 4 I didn’t ask for the fathers of my children to walk away. I still work and manage the entire household. The child tax credit was a huge peace of mind for my family!! It allowed me to put my 5 year old in dance class without worry if I’ll have enough to pay it through the recital. Allowed me to take a vacation with my kids that we had not had in over 3 years. Allowed me to get them clothes when I otherwise wouldn’t. Hope they bring it back! I hope they vote Manchin and Cinema out!!!
It drove me nuts when I had to call a teammate and they were at a time. Didn’t answer their call and then immediately emails me with “I see you call. What’s up?” Pick up the phone, I can’t email back and fourth when a simple call will suffice.
My brother is working from home and he loves it
I can listen to this Professor speak all day :). Excellent mind!
Just wait till these companies that are forced to wfh start hiring from other states. More competition gives the employer the advantage over you since they have a much greater talent pool to choose from. Expect pay to go down too. Now apply this worldwide where you start competing with workers from countries that don't pay as much. Pay going to drop and give companies more power
remember that what powers the economy isnt wealth or wealth creation, its debt and debt creation
Not sure “low productivity” is an accurate term. Without these “low productivity” positions there would be absolutely zero productivity
I am an RN and everyone is quitting due horrible conditions, low pay, no breaks and going travel nursing
RNs make plenty of money
@@Hedgeflexlfz 27 yrs of working as RN in hospital. My wages were very low. Topped out at $36 an hour. I did travel nursing and made more then double that rate. This is Florida. We have a staffing shortage.
@@lori5946 FL has no union. Trade jobs down here make terrible than other states.
@@lori5946 36 is not low ?!!
Nurses make good money
Since international leisure travel does not exist anymore, families are saving about $5000 per year per family by not traveling. That money goes a long ways.
So 5000 $ for not enjoying my life for a few weeks every year ..!!!! No thanks...!!! i WORK TO LIVE ..!! not the other way around....
THERE IS NO LABOR SHORTAGE! Their is a pay and benefit shortage. Companies do not want to pay competitive wages and benefits.
1.) There are people who are just lazy and don’t want to work. My dad worked at an Auto Repair shop as Sales person and a safety check specialist for over 20 years. Throughout his career, he has experienced lots of lazy and irresponsible employees that don’t show up for work or come hours late. They also drag their butts at work no matter how busy they get and don’t clean. They would often have some “issue” that requires them to take off early. My dad would volunteer to come early and leave late to clean up shop prep it for opening and closing and other stuff. Covid just made things worse. He recently retired. From his experience he thinks people are becoming more entitled and want money and not working for it.
2.) Hidden inflation. The old guy is only talking about prices getting higher. But there is a hidden inflation that no one is taking about. It’s quality and quantity. People are paying more for less. Anyone who had bought things in the 80s or earlier know that the quality of things were much better then than now. Now days things people buy are getting cheaper and cheaper quality. When quality can’t be reduced enough, the quantity is reduced. This the reason when we buy some items it comes with less than years prior. This is the hidden inflation that can’t be quantified. The real barometer for inflation of an area is housing and rent costs rather than the price of goods.
3.) Big Tech companies have created a lot of start up jobs. Amazon has created a platform that countless small businesses use to sell products to people all over the world, business that wouldn’t exist if Amazon was not around. Amazon Web Services runs the back end for many innovative market disrupting companies like Netflix. Apple had spawned the smart phone revolution which spawned countless App creators, accessory makers and sellers, and made Wireless carriers network expand leading to many jobs with contractors. Microsoft office products is the de facto standard for business. Business and Government can’t function without Microsoft. Just image the amount of business that were created over the years to make software to run on Windows? If that imaginary number boggles the brain, also add the amount of companies that were created to consult and or support Microsoft products for other companies. Big tech has created far more new companies than it out competed.
People aren’t “lazy”. They want to eliminate their commutes (2-3 hours daily) and get the SAME WORK done from a home office. What do you not get?
Absolutely not. Home is home and work is work. For those that already have a home business then this doesn’t matter because it’s their business. But when you start to work from home and it’s not your business, then you are forever bound in an environment that will never allow a release from work stresses. You can’t go home from work…..you are already there. Avoid working from home as a salary earner at all costs if you want your life to be normal.
Remote work is better.