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Take me back to the office 2

By Emad Barsoum•December 10, 2021•3 min read

As stated in the first part of "take me back to the office," the economic and financial implications of working from home are more significant than social and psychological ones since the economy and finance impact a mass number of people compared to individual sufferings. Although from the social responsibility perspective, there must be no suffering to any one or more humans.

As a result of working from home, we have seen more supply of office space for lease after many companies have downsized their initial areas, which left owners in dire straits of meeting their obligations towards banks, insurance companies, or any other payees.

Working from home took many services out of business since the need for such services has decreased or become no longer required, leading to the shutdown of many small businesses.

Many retail businesses have faced the same fate when the number of consumers for certain commodities has diminished due to working from home, where the need is not there anymore. One of the main harsh effects was the demand for vehicles. Since many employees are no longer commuting to work thus, there is no need for a household to have more than one vehicle. The industry was only saved by the significant decrease in supply for about a year now; otherwise, the auto industry would have gone through difficult times.

Business owners and entrepreneurs are misguidedly taking decisions to keep their employees at home, thinking that by taking such steps, they would cut costs, but never considering that their actions would cut the expenses for the short term. However, the consequences would be more significant since they fail to understand that their businesses, no matter how small or big, are an integrated part of a powerful, comprehensive economic system. Removing one brick could lead to an eventual collapse of the whole building.

Those companies and business owners, through further expenses reduction, have overlooked their ultimate social responsibility and their national role in the country's economic well-being.

The government and the politicians are not infallible from unleashing the "work from home" approach in an unregulated manner. Leaving all businesses and companies to decide freely upon such a direction will eventually lead to economic and financial stresses—disregarding the international and local factors that are already creating a favorable environment for inflation that could lead to recession.

The economic system requires all its tools to be fully functioning to sustain the required continuous growth and development, meet the increasing costs of maintaining a healthy infrastructure, keep building an effective healthcare system for each citizen, and, foremost, retain the welfare of all.

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