And we are seeing some employers adjust pay to location now too. In the end you are also subsidizing the office out of square footage in your home, and reaping none of the benefits such as socializing with people.
I am reaping the $200/month transit pass that I no longer need. As a Canadian I'm able to ask my employer for a T2200 to write some of my expenses off even as an employee.
I'm also saving ~5 hours a week in less commute time.
I'm still socializing with those coworkers in our daily water coolers, weekly syncs, Monday & Friday fireside chat.