Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The “Great Resignation” is over. The employer is gaining the upper hand over white collar labor. Nevertheless, office REITs remain fundamentally unattractive.
According to ADP, in 2023 quitting has been less rewarding financially. The median pay differential for switchers over stayers is down to 3.1% compared to more than 7% in 2022.
The Rabid Capitalist expects this trend to continue. The employer will use its power to restore pre-pandemic work conditions. Unfortunately, this will not save the office real estate market.
Complete content is available for a $15 monthly subscription. Click here to subscribe:
The Rabid Capitalist 
Leave a comment