Definitely true normally but we’re in this weird world where a ton of people got to try a previously unavailable or unemphasized option. Full-time remote work used to be a bit unusual but a couple of years was enough for a lot of people to get used to the idea and now it feels like a cut to go back, even if they were used to being in the office in February 2020.
When I roll on to a new project and it is more/less work than my previous one, I don't think of it as a pay increase or decrease.