My guess is that some businesses get tax breaks from municipalities in exchange for filling office spaces with warm bodies. The idea is that people in office buildings support local businesses by buying lunch, and sometimes grabbing a pint after work.
I’m not trying to excuse this trend, in fact as an IT person myself I 100% agree with the sentiment, I’m just trying to share what I’ve been told.
This is the excuse my employer gave. So I’m to take a pay cut (gas, wear and tear on my vehicle, loss of time to commute) so I can spend more money to prop up other businesses for a tax break that is likely to go into some rich ass C-levels bonus or shareholders pocket for cut costs?
Fuuuck that. Its just another way of picking the labor class clean to the bone.
It’s even simpler than that: they leased the office space and have to continue to pay that lease or else pay an early termination fee. This is basically the sunk cost fallacy. But you are right that sometimes additionally they get tax breaks for certain office space, for instance the San Francisco mid-market tax break (AKA the Twitter tax break)
My guess is that some businesses get tax breaks from municipalities in exchange for filling office spaces with warm bodies. The idea is that people in office buildings support local businesses by buying lunch, and sometimes grabbing a pint after work.
I’m not trying to excuse this trend, in fact as an IT person myself I 100% agree with the sentiment, I’m just trying to share what I’ve been told.
This is the excuse my employer gave. So I’m to take a pay cut (gas, wear and tear on my vehicle, loss of time to commute) so I can spend more money to prop up other businesses for a tax break that is likely to go into some rich ass C-levels bonus or shareholders pocket for cut costs?
Fuuuck that. Its just another way of picking the labor class clean to the bone.
It’s even simpler than that: they leased the office space and have to continue to pay that lease or else pay an early termination fee. This is basically the sunk cost fallacy. But you are right that sometimes additionally they get tax breaks for certain office space, for instance the San Francisco mid-market tax break (AKA the Twitter tax break)