re: Morgan Stanley CEO to bankers: If you want NYC salary, you need to be in NYC

quote:

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I've heard one of the main reasons that the mayors of big cities want workers back in the buildings is because otherwise there are $750 million high rises that are 85% empty. If companies that own/lease these spaces can't sell them off because no other companies are working in-person, there are massive drains on their city's revenue.

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This is one of the bug repercussions that seem unavoidable at this point. I personally don’t want to work from home any more and selfishly wish everyone else wouldn’t either because going to work in a office with 25% of the staff there isn’t really what I’d prefer either. It’s selfish ‘wants’ though and I know that. I do see a large impact on downtowns and the businesses that support these large offices (restaurants, coffee shops,etc.) and wonder how this all looks 20 years from now. For my personal job, I see training new employees being a challenge but I thinks it’s one that can be overcome.