Or will 1 or more companies ultimately say, why are we putting up with this BS - already over half our employees live in NJ - we can just move the offices to Jersey City or Newark and work in one of their new office towers there, and NYers can take the PATH or NJ Transit.
I had hopes that employers would have learned from pandemic lockdowns that they don't need their workers in the office 40 hours a week....or even 40 hours a month.
A permanent change in that regard would have gone a long way towards addressing some of NYC's gridlock, both from the reduced commuting as well as some people moving to more affordable locations.
But this also means that office vacancy skyrockets, local businesses that depend on office workers shut down, which means a lot more vacant storefronts, which means unemployment for people not working in offices goes up. It's a Catch-22.
And for every good employee that works at home, often putting in more time than if they did in the office, there's other employees that if you called them (and they actually answered) you'll hear seagulls in the background or the intercom system requesting a cleanup on aisle 7. They're the ones that ruin it for the rest of us that truly work at home.
The mistake a lot of managers make with WFH is getting past the idea of "putting in time". A manager should want their employees to put in work, not time.
Say you assign Bill a project that is going to take 6 months to do, and you pay him $500/week, so you've budgeted $13,000 for this project. Now, Bill is a clever guy, so he knows how to write a fancy Excel macro that will automatically do the entire project in five minutes. He could spend a week writing this macro, radically increase the efficiency of the company, and get paid $500. Or he could pretend he doesn't know how to do that and get paid $13,000. Or, more likely, he writes the macro, gets the project done, and dorks around for the other 25 weeks not turning it in and pretending to work on the project and then turns it in, oh, say, three days before the deadline so he still looks like he did a good job. Ahead of schedule and under budget, yay!
With WFH we had a golden opportunity to restructure the workplace to be task-oriented rather than time-oriented. (If Bill gets his tasks done by knocking them out faster who cares if he uses the rest of the day to go to the beach?) But instead we've largely squandered it because somebody with 47 Lamborghinis in their Lamborghini account lies awake at night paralyzed with fear that a low level employee at the company they lord over might dare to be happy at some point...