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Wanderers Ways. Neil Thompson 1961-2021

Rudy

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Not having to spend a fortune in commuting, and money on sandwiches etc means that those home based workers will spend it elsewhere, locally in most cases.

This means hard up town centres and villages could thrive now.

Going to the office is fine but if you can be just as productive and waste less money then why wouldn’t you?

Tough shit if Pret has to close. It is what it is.

Diversify perhaps.

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1 hour ago, gonzo said:

Productivity? Wellbeing? God knows but theres a massive industry going to go down the swanne if we're not careful.

Some are finding (surprisingly) that productivity has gone up. The wellbeing aspect is the unknown and I think we'll find more do go back. However probably not to the levels pre covid.

In this case the economy will have to adapt.

I would imagine that some part of our pensions are invested in these office block schemes and investors will be looking for alternatives. 

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3 hours ago, gonzo said:

Just read a piece about the office economy taking massive hit with all this, surely that's the last piece of the jigsaw to get things back going.

Stationary firms, cleaners, FM, catering dudes, receptionists etc etc, they shouldn't be forgotten so big firms can save money keeping folk at home.

it was inevitable

you can't have it both ways, as in, get the economy moving, but then expect businesses to spend money they've realised they no longer need to

some businesses will now save a lot of money on rent / office space

workers will save on commuting costs - be it petrol or public transports, they'll have more time in their day and will become more productive

those you mentioned above along with city centre eateries and like are all going to take a hit now - read that Pret A Manger are cutting 2800 jobs across 30 stores

maybe the city centre dwellers will prop a few of these types of businesses up

maybe the businesses where ex commuters live will now start to thrive

the times they are a changing

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Won't be long before salaries take a hit

2 hours a day less travelling and no commuting costs will be an opportunity for companies to 'share the benefits'

Add in mass redundancies and more women on to the job market as wfh allows them to combine some child care pre and post school

Edited by Casino
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54 minutes ago, Casino said:

Won't be long before salaries take a hit

2 hours a day less travelling and no commuting costs will be an opportunity for companies to 'share the benefits'

 

I "work" in Manc, our company is based down south, if I'm working from home, I don't think they can maintain market rate differentials. Makes no odds where your house is if you are working remotely imo. Works in our favour.

Edit: be interesting to see what Jules thinks.

Edited by Carlos
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1 hour ago, Spider said:

Not having to spend a fortune in commuting, and money on sandwiches etc means that those home based workers will spend it elsewhere, locally in most cases.

This means hard up town centres and villages could thrive now.

Going to the office is fine but if you can be just as productive and waste less money then why wouldn’t you?

Tough shit if Pret has to close. It is what it is.

Diversify perhaps.

heard the guy who started Pret and complaining about the changing office behaviour and that the gvt has to step in.

I'm saving 2k a year not commuting in now. Happy days. Plus savings at lunch- and evening meals. OK heating is a concern but more than making a saving. Plus I get to set my alarm to 8am rather than 6am and I'm enjoying time at home from bang on 6pm. Going from having no spare time in the week to having tons of it is such a welcome change. Feels like we've finally got the real flexibility we've been promised.

Some companies have made a lot of money on the backs of office workers being forced into long commutes for no real reason at all, other than it being 'the culture' 

Heard of one firm actually looking to fitch the office and folk getting a pay bump because of it and the firm is still saving money.

My set up has just been offered an office space in Leicester square with bills in for £1,600 a month - thats way down as smaller firms choose home working and meeting rental spaces.

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15 minutes ago, peelyfeet said:

Vaccines coming.

Possibly November for the Oxford uni / Astra Zeneca one. Looking good, showing 91 - 100% success rate at the end of phase 2 trials. Supplies will be limited at first, US will have 1st dibs.

We've already ordered 100ml doses of the Oxford vaccine. One each and a few left to auction on ebay.

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