What doesn't get discussed enough is the huge financial incentives that cities give to corporations to attract big businesses.
Those incentives (like no corporate taxes for 10-years) are based on companies literally having people physically in-office.
Cities don't want corporations to move "on paper" their HQ.
Cities want the economy benefits of more local jobs, which equals more income & home taxes that follow.
So cities structure corp incentives to having people physically in-office that way it aligns their interests with the corp interest.
As such, companies are forced to bring people back into the office as a result to maintain those tax incentives.
What doesn't get discussed enough is the huge financial incentives that cities give to corporations to attract big businesses.
Those incentives (like no corporate taxes for 10-years) are based on companies literally having people physically in-office.
Cities don't want corporations to move "on paper" their HQ.
Cities want the economy benefits of more local jobs, which equals more income & home taxes that follow.
So cities structure corp incentives to having people physically in-office that way it aligns their interests with the corp interest.
As such, companies are forced to bring people back into the office as a result to maintain those tax incentives.