Blackstone CEO Steve Schwarzman, whose firm is one of the largest owners of commercial property, said part of the reason workers are proving difficult to lure back to offices is because they enjoy a lighter workload at home. Speaking during a panel discussion at the Future Investment Initiative in Saudi Arabia, Schwarzman said people profited from remote work as “they didn’t work as hard” and saved money on commutes, lunches and work attire. (Source: Bloomberg)
The whole thing is basically an admission that the perverse economy they created requires people to suffer.