RTO Wave Hits Federal Workers & $500B Investment Powers AI Industry
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What are the implications of Trump’s order for federal workers?
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John, I have some thoughts about this and I'm going to tell a quick story to illustrate them. My mom recently added me to her audible premium account. Shout out mom. But then she was snooping on some of the books I downloaded and she was roasting my choice to listen to the Odyssey. First I had to explain to her that I wanted to brush up on. Ich hoffe, es hat euch gefallen. Was sagst du, Neil? Und du hörst in der originalen Ancient Greek, oder? Oh, natürlich. Nein, ich habe... Ich habe einige der Übersetzungen gesucht. Ich kann nicht wirklich erinnern, welche ich gerade höre. Aber es ist egal. Wer die Übersetzung macht, beeinflusst die Art und Weise, wie du mit der Geschichte interagierst. Also nein, nicht Ancient Greek, aber ja, ich bin Team Audiobook.
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Vielen Dank. Still, Trump has launched the opening volley, one of several orders he signed on day one that intends to remake the gigantic federal workforce.
How is the AI industry being funded?
The question here is how much of that gigantic federal workforce is actually currently working from home. And depending on who you talk to, you might get different answers. Senator Joni Ernst from Iowa, she released a report last year that claimed that only 6% of federal workers were actually in person full time. But then you look at the U.S. Office of Personnel Management and they push back on that. The OPM noted that 54% of the 2.3 million civilians employed by the federal government... Vielen Dank. who has been very vocally open about wanting to push for RTO mandates in order to shrink the federal workforce. They're hoping that when people have to go into the office full time, they'll just quit, which is, we've called it sneaky layoffs. It's not so sneaky. Elon has come out and said that is what he wants to happen. So it really is about where you fall politically when you are considering how to react to this RTO mandate.
And, you know, there is a good argument to be made that if you force people to come to the office, then they will just quit. A new survey from Pew found that nearly half of remote workers would consider leaving their jobs if their employers no longer allowed them some remote flexibility.
What record did Netflix achieve in Q4?
Trump administration is saying, you know, it's taking its cue from Elon Musk and being like, okay, well, maybe that's good. We want a smaller federal workforce. On the other side, you say, you have people saying, Ja, genau. What you're trying to do. So this is going to be an absolute fight. The American Federation of Government Employees represents 800,000 federal and DC government employees. That's a big chunk of that 2.3 million number. They have collective bargaining agreements, environmental protection agencies, social security administration that have locked them into remote work policies. So as we've seen with other Trump executive orders, this is absolutely going to run into some legal more where there's going to be a fight, possibly.
in the courts to see whether these government workers are gonna come to the office or not.
Just in general though, zooming out, it definitely looks like the winds are shifting towards RTO. You mentioned all the big corporate organizations that are asking their workers to return to office, but you Ja, genau. Ja, genau.
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