Hey @fmanjoo if you are going to write an article in the NYT which my I am featured prominently, don't you think you should ask me for a comment, especially if you're going to imply I'm "discombobulated and that I'm used to employees leaping to my every demand"?
🧵👇
Perhaps you didn't because the context behind the tweet didn't fit the narrative of your story?
Like when you said the that people were reluctant to work "terrible jobs"...
Would it have been relevant to check whether or not multiple people had agreed to show up for that "terrible job"?
That is disrespectful to my team members, my company, and me (I've myself done that job many times).
Please correct me if wrong, but I can't find anywhere where you made an attempt to contact me before making inaccurate implications about me (that I'm discombobulated and used to employees following my every word) and my company (that the jobs we offer are terrible).
It seems like all that "antiwork" reading has gone to your head because you didn't want to do any here.
This article deserves a clarification if not a full correction @fmanjoo@nytimes
I'll fly you out to Texas and you can help us unload our next container.
What do you say?
I'll bump up the wage to $14.50 for you.
Looks like @fmanjoo has chosen to ignore the criticism that this piece is inaccurate, missing context, and on the line of journalistic ethics if not crossing it.
He tweeted this after being called out.
@fmanjoo the people want you to come to Texas to unload a container!
1. $33k container got delayed (likely won't make xmas) 2. 2 containers from vietnam will arrive after xmas 3. Key warehouse team-member injured 4. 70% of our China orders delayed b/c no⚡️
If we have debt in this situation we go bust.
1/2
Thank god teammember's injury was not worse.
We will be totally fine, but if we are levered up in this position, we would not be because our costs are skyrocketing and as more containers arrive we get more and more strapped for cash before we get those toy xmas sales.
2/3
There are a lot of unknown costs that can skyrocket from here.
We have multiple containers arriving in Los Angeles with the intention of being transloaded & shipped by truck.
1. She mentions that power has been cut in Guangdong and Jiangsu in Autumn, which is past peak power usage (for southern Jiangsu anyways) as Guangdong is pretty warm, they spend more power on A/C than heating. AFAIK power has not been cut in Shandong and north.
2. To me that indicates that it has nothing to do with a shortage. And in fact she says it has nothing do with a shortage (this woman who is pretty hot imo does not strike me as being unaffiliated with the government). She says it is 3 things:
There’s something special about manufacturing. It taps into all of your human capital. Compare it to tourism. Your people oriented people work the hotels and restaurants. You get a small construction industry, a bit of marketing but that’s it.
2/n
Whereas for manufacturing, your people oriented people do sales, some people can work the plants, you can have designers, managers (yes you get these with tourism too), software, and construction. All your human capital gets tapped.
3/n
Huge bear market in office RE (adjusted for inflation and covered land plays) coming.
It’s not even arguable otherwise. Let’s move on. We’re done.
What is interesting is the follow on effects!
1/2
- less commuting will hurt non-destinational retail eg “never mind picking that up on the way back from work.”
- what happens to downtown office cores?
- what do we do with these buildings?
- do homes need to be redesigned bigger?
What else? It’s pretty interesting!
2/3
Just so we’re clear, I am not saying no one will go to an office. I am saying a many fewer people will. I don’t know what the percentage is but the fewer people go to the office the less of a benefit you get from going yourself so WFH has a negative network effect.
3/3