The return-to-office tug of war is dividing households. [Bloomberg](
This is Bloomberg Opinion Today, a super salad of Bloomberg Opinionâs opinions. [Sign up here](. Todayâs Agenda - [RTO]( is ruining relationships.
- An economistâs ode to [Olive Garden](.
- Ramaswamy tries to [out-Trump]( Trump.
- The bright side of Chinaâs [slowdown](. (free read!)
- [Instacartâs IPO]( is loaded with red flags. A [Spouse]( in the House! Photographer: Mike Kemp Traditional wedding vows go something like this: I, Blah Blah Blah, take thee, Bladdy Blah Blah, to be my wedded wife/husband, to have and to hold from this day forward, for better, for worse, for richer, for poorer, in sickness and in health, to love and to cherish, as long as we both shall live ⦠But after reading Sarah Green Carmichaelâs [latest column](, Iâm thinking we need to make a crucial revision: I, Blah Blah Blah, take thee, Bladdy Blah Blah, to be my wedded wife/husband, to have and to hold from this day forward, for better, for worse, for richer, for poorer, in sickness and in health, to love and to cherish, as long as neither of us is employed by a company that imposes a rigid return-to-office policy, leading to a gradual buildup of resentment until that fateful day when, after forgetting to check the parent portal for carpool arrangements, you find yourself in tears in the Walmart parking lot, reminiscing about your previous job, the one where knowledge of hand, foot, and mouth disease was not a requirement. In the US at least, âthe return-to-office tug of war is playing out not only between bosses and employees but between spouses,â Sarah writes, as stricter policies are forcing parents to show up at the office. Covid-era WFH policies gave two-career couples a chance at creating a more equitable work-life-balance for the entire family. Spouses were able to commute on the days theyâd like and establish routines that allowed them and their partner to divvy up chores â organizing a playdate, picking up a prescription, cleaning the air fryer â more evenly than ever [before](. âBut as executives demand more days in the office and set stricter team schedules, the ebbing of flexibility is creating a mounting sense of alarm that the future will look an awful lot like the past,â she warns. Since the dawn of Corporate America, women and men have often filled two buckets. Women sat in one, doing most of the unpaid household work. Men sat in the other, which was cushioned with fatter paychecks. Covid, in many ways, flipped all this on its head: Men realized they [enjoyed]( spending more time at home with their children, and women reached [new highs]( in labor force participation. But as strict RTO policies return, so too does the prospect of work-life conflict with your spouse. At the heart of that battle sits your employer, who has the power to grant (or deny) your requests for flexibility, Sarah writes. If youâre denied, paying [$15,000 to $20,000]( a year for child care might be your only option. For single parents, the stakes for RTO are that much higher, Kathryn Anne Edwards [argues](. âSuppose a mother with young children wants to work. Can she, if nobody else is willing or able to stay home with the kids?â Finding affordable care wonât be easy, considering half of the country is classified as a [child-care desert](. âAmerica [needs]( a comprehensive zero-to-five policy,â she writes, advocating for a proposal that looks like this: âAt all levels, all families are covered, and all can choose whether to participate,â Kathryn explains. Itâs a worthy goal, but until then, âtil death do us partâ just might need to come with a caveat about whoâs willing to return to work, and when. [Super]( Salad If you claim to be âaboveâ going to a casual restaurant such as Olive Garden, shame on you. Not only are you denying yourself unlimited breadsticks, youâre turning down an opportunity to be a Great American Equalizer. Economic researchers used geolocation data to examine encounters across class lines, and they found that restaurant chains à la Applebeeâs and Red Lobster are way better at bringing the rich and the poor together compared to places like museums, churches, schools and parks. Consider one of Americaâs most prestigious universities: Harvard. The opening page of the schoolâs [website]( is a line about how Harvardâs âdynamic student communityâ comes âtogether to advance education and foster change in the world.â But hereâs the thing: More than two-thirds of Harvard undergrads [come from]( the top 20% of the income distribution, while only 4.5% come from the bottom 20%. Whereâs the dynamism in that? Now maybe youâre wondering: How was Olive Garden able to unlock an achievement that not even an Ivy League school can touch? âThese kinds of restaurants manage to mix the rich and poor by creating an environment in which a lot of the traditional status markers are absent,â Tyler Cowen [says](. Olive Garden attracts both the middle school basketball team and [Bethanny Frankel](, not because itâs trying to be âfancy,â but because itâs ceding cultural control. Thereâs only so many places on this planet that can claim to be a backdrop to your [engagement](, your [wedding]( and even your [funeral](, and the Italian restaurant chain cosplaying as a Tuscan villa just so happens to be one of them. You see, Olive Garden [charms]( everybody, no matter how many zeroes are on your paycheck or what kind of car you drive. Itâs an iconic puzzle piece of Americana, nestled snugly between the Exxon Mobil and Dickâs Sporting Goods. Whether youâre in [Times Square]( or Tennessee, the [hostesses]( are always friendly and the waitstaff is willing to endlessly grate [parmesan]( on your pasta. Even if you donât love the food â and Tyler notes itâs not his favorite â you have to admire the atmosphere. Political Polling Yesterday I asked readers to send me their [end-of-the-world predictions](, and a solid number of you alluded to the current mess that is American politics. Before last week, Trumpâs role in the upcoming election was as solid as cement: Barring âsome health-related problem before the convention,â his nomination was settled, as Charlie Cook [put it](. âBut polling following the first debate among Republican presidential hopefuls shows that while Trump is the most likely nominee, thereâs still plenty of uncertainty,â Jonathan Bernstein [says]( (free read). At first, that small sliver of a possibility sounds like a good thing. A presidential election unmoored from Trump and all the legal baggage he brings would do wonders for the nationâs mental health. But when you realize whoâd likely replace Trump â namely, Florida Governor Ron DeSantis or Vivek Ramaswamy â the picture gets murkier. Ramaswamy, for one, âis trying to build the same sort of populist façade that Donald Trump painstakingly constructed in the decade prior to 2016,â Mihir Sharma [writes](, arguing that he comes across âas slick and superficial.â As for DeSantis, well â he just got [booed]( at a vigil for the [Jacksonville shooting]( victims. The Republican race is just beginning, and itâs not likely to get more uplifting from here. Telltale Charts For the last 20-plus years, China has lived and breathed carbon pollution. But if President Xi Jinpingâs economic model continues to fall off the rails, David Fickling [says]( (free read!) we might be about to witness âthe most dramatic reduction in emissions the world has ever seen.â What would be a disaster for Chinaâs leadership and population would be an unexpected victory for the rest of the planet. David points to the fall of the Berlin Wall in 1989 as proof of such transformation. Although nobody was really considering the climate implications at the time, Russiaâs âCO2 output dropped by more than a third over the subsequent decade,â he writes, a pattern that China may be destined to repeat. Uhhh, I am no expert at filing S-1 forms, but if Instacartâs grocery delivery orders were this flat in the first half of the year, why, exactly, is it filing an IPO now? âThereâs a cheap joke to be made about how long Instacartâs initial public offering has taken to arrive,â [says]( Dave Lee, considering the years of pent-up anticipation that investors have had to endure. At this point, he writes, the pandemic hype has all but died down and Instacartâs two main business channels â grocery sales and ads â are looking vulnerable. Further Reading Banks need more capital, not a new 1,087-page [rulebook](. â Bloombergâs editorial board 3Mâs lawsuit over its [defective earplugs]( is just the start. â Brooke Sutherland [Los Angeles]( is an economic boomtown. â Matthew A. Winkler [Bitcoin]( walked so the AI industry could run. â Tim Culpan The US economy is [running hot](, and Jerome Powell knows it. â Jonathan Levin How come bonds are [securities]( and loans arenât? â Matt Levine ICYMI Companies are [quiet cutting](. Floridians are bracing for a [hurricane](. Schools are building [housing]( for teachers. Anti-vaxxers are [pet owners](. Kickers The [Aperol Spritz]( is getting werid. Suburbia is a [kingdom of golf carts](. The worldâs first [brain worm](. Botox, for the boys: [Brotox](. Men think [cocktail]( glasses have a gender. Notes: Please send âmanlyâ glassware and feedback to Jessica Karl at jkarl9@bloomberg.net. [Sign up here]( and follow us on [Threads](, [TikTok](, [Twitter](, [Instagram]( and [Facebook](. Follow Us You received this message because you are subscribed to Bloomberg's Opinion Today newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox.
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