this post was submitted on 23 Aug 2023
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Leaked Zoom all-hands: CEO says employees must return to offices because they can't be as innovative or get to know each other on Zoom::Zoom CEO Eric Yuan discussed the benefits of in-person work in a leaked meeting.

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[–] [email protected] -3 points 1 year ago (3 children)

CEOs and Corporate blokes are still technically working class. They have bosses to answer to. Their bosses have a large stake in real estate, manufacturing, oil, etc. Happy at home employees buy less and drive less. This is bad for their bosses. It goes way beyond the company's bottom line.

[–] [email protected] 6 points 1 year ago (1 children)

I assure you that the CEO of a large corporation like that has a very different relationship to the means of production than your average working class person. Especially in regard to how their income is generated.

[–] [email protected] 4 points 1 year ago

They own enough property that they are not, in fact, working class. They don't have to work for a living (any more), they choose to.

Bosses like locating in expensive cities because they have the income to buy property in those expensive cities, and rake in the capital gains that come from others locating in those expensive cities. They all stand to lose a lot if people move out of those expensive cities because the housing pyramid that supports the imaginary value of their property collapses.