>biggest advantage of working in person is high-bandwidth communication

Wrong, it's the tax breaks:

>JPMorgan Chase & Co. and RBC Capital Markets are among more than 100 firms that have negotiated billions of dollars worth of agreements under New Jersey’s pre-pandemic programs. None have yet applied for the waiver, Sullivan said, meaning if they want their tax breaks, they’ll have to prove the jobs are being done on site at least three days a week. JPMorgan and RBC declined to comment.

https://www.bloomberg.com/news/features/2023-02-21/another-t...