They also didn’t produce as good work as before the pandemic. The boredom of being home kills the creativity (Yes, I know, “not me”), the reduced communication killed collaboration effects (everyone became more siloed), and a lot of people got depressed. There is a reason why people pay more for butts-in-seats.

It’s no surprise that companies with broken cultures that value “butt in seats” struggled to adapt during the shift to remote work during pandemic. But that’s a problem with the companies, not remote work.

I've found the complete opposite effect.

Allowing people to work undisturbed has, for my team at least, allowed faster delivery of goals.

People quit because their bosses are like you - utterly tone-deaf and focused solely on output.

No they cut wages because the pandemic provided the excuse that permitted them to do so.

They'd be terrible capitalists if they are paying people more then they had to.

The wage difference is a function of power asymmetry, it's not the employer trying to do some kind of syndicalist wealth redistribution

Many companies profits went up, yet they still slashed compensation. Well some of that profit was because they slashed.