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The head of Goldman Sachs, CEO David Solomon, told a conference today that working from home won’t be an option for Goldman Sachs employees and suggested it’s “an aberration” instead of the new normal.
Mr. Solomon says that GS needs its employees at the office and that the new crop of interns expected this summer won’t be able to buy-in to the company’s corporate culture without the ‘mentoring’ of new employees.
“In particular Mr Solomon was worried about an incoming “class” of about 3,000 new recruits, who wouldn’t get the “direct mentorship” they need. “I am very focused on the fact that I don’t want another class of young people arriving at Goldman Sachs in the summer remotely,” he said.” — BBC
While some might be skeptical, I believe there are some organizations that don’t work were employees to work from home.
One example might be the military. Obviously, wars need to be fought where the war is actually occurring.
Another might be airline pilots — but hey, the future is happening every day! — and one day soon airline pilots might be flying their passengers from one end of the country to the other via their home computer, “Honey, don’t spill your Pepsi on Daddy’s keyboard, he’s busy flying his plane,” Hehehe.
In fact, the entire tourism sector would be impossible to manage using work from home employees, although certain positions might be able to be moved off-site, such as check-in staff, accounting department, and other jobs that don’t require a human to be present.
Legitimate Exceptions Aside, There’s a Huge Societal Upside to Working from Home
Let’s pretend that fully half of all UK jobs could be accomplished via work from home. That isn’t out of the realm of possibility, IMHO.
That means half as many people driving or taking the train to and from the workplace — which would cut traffic congestion in UK cities, and the trains might run on time and not be packed with (potentially) COVID-breathing human beings — all the way to the workplace and all the way home.
Office towers might become lightly populated during the week, although they might open 7-days-a-week, as opposed to Monday-Friday only.
All of which would save Britain’s NHS billions annually on account of far fewer patients catching respiratory illnesses such as, but not limited to COVID-19 and its subsequent variants, and the UK would be on track to meet its Paris Agreement CO2 reduction obligations. Both benefits are very good things for the UK.
Instead of people spending a small fortune on petrol, car insurance, train tickets, bus and/or taxi fares, not to mention all the money they usually spend on work-related clothing and fashion accessories, they’d be spending it on home improvements — like creating a decent office space in the home, or a workshop, and better internet, computer, and mobile phone connectivity.
If they spend the same amount fixing-up their home office or workshop as they used to spend to get back and forth to work — it’s likely to be a good investment as improvements to the property would be reflected in the value of the home and its final selling price should they ever decide to sell.
Time to invest in big box home improvement stores!
Written by John Brian Shannon
Digital roles top the list of jobs on the rise in 2021 (World Economic Forum)
Well, I told you so.
And I’ve been writing since 2016, telling you that politicians on both sides of the English Channel haven’t got the horsepower to get a trade deal done that would benefit citizens, industry, and governments in both countries. And I was right!
Former Prime Minister Theresa May was ready to ‘sell the farm’ to the EU — virtually handing the entire UK over to the EU in a deal worse than what the UK already had with the European Union! — and even that wasn’t good enough for Brussels.
Which should’ve been the first warning sign. Don’t you agree?
The EU Doesn’t Want a Deal, They Want Things ‘Their Way’ or No Way at All
And I understand that. Nobody likes to be dumped. And there’s no rule that anyone is required to be happy about being dumped.
The EU had things ‘their way’ since 1999 when the UK joined the EU without Britons getting any say on the matter, and British taxpayers have paid £10 billion more per year into the EU annually (on average) than the UK received back from European Union in the form of ‘entitlements and benefits’. Some may use the term ‘subsidy’ but when you pay it to yourself (overpay) it really isn’t a subsidy, is it?
Certain EU politicians have been more petulant about the UK leaving the EU than has been seen in the entire history of world politics. It’s been an embarrassing spectacle. So un-cool. So un-European.
Not that some UK politicians have done better. Either they were ready to betray their country for 60-pieces of silver, or they were actively trying to destroy the UK so that it would have no choice but to stay in the EU, or they were making ridiculous assertions against the EU’s right to exist.
But what politicians and citizens on both sides of the Channel must realize is that the UK has already left the EU — and it’s in the best interest of citizens, industry and governments that both sides arrange a trade deal by January 1, 2021.
Run, Boris, Run!
But any deal the EU would agree to sign Britain’s Prime Minister would be wise to avoid — because the only deal the EU might sign would be so skewed in the EU’s favour that it would be detrimental to Britons, to UK industry, and to it’s trade relationships with other countries.
Therefore, Boris… Don’t Sign any deal with the EU!
Life will continue, tariff levels will be adjusted to WTO standards (the default trade standard between nations) and the UK will have the ability to sign trade deals with other countries/blocs without EU regulatory interference.
Snowflakes on both sides of the English Channel will be bleating that ‘The sky is falling, the sky is falling, the sky is falling!’ but in reality, little people, it’s just snowing.
Oh, the trauma!
So, rather than despair, get yourself some outdoor time, take some long walks in the winter wonderland, enjoy the holiday season, and stop trying to arrange a trade deal that (for different reasons) neither side wants. And let’s get ready for a No Deal Brexit, just as I predicted would happen since 2016. And people, let’s make our 2021 slogan ‘Live and Let Live’.
Written by John Brian Shannon