Most companies that are going back to the office are STILL HAVING VIRTUAL MEETINGS. The hybrid environments ABSOLUTELY are. So you are getting all of the shitty aspects of going into the office and all of the downsides of not-in-person collaboration. It's the worst of both worlds.

When you ask an employee to wake up an hour earlier, spend an hour in traffic, to pay for parking, to sit in a 'hotel cube', to get on a virtual meeting that they could have done at home...you are absolutely going to have people leave your company.

The data on people equating lack of flexibility with a 2-3% paycut seems incredible low to me.

I think its a much more significant impact than that. I know people who have basically taken a 20% paycut (lost their cost-of-living adjustment) to move to a different state--doing the same job remotely. That's basically a way of saying flexibility/remote work is work 20% to them.