> This is going to work out just like companies who cut compensation work out. You'll be left with the mediocre engineers and everyone who's able to choose to work remotely will eventually do so. If you don't permit that, you're left with the chaff.

This has to be the best comment in this thread.

I am observing this phenomena lately and I gotta say, I feel rather good about seeing the more backwards employers struggle already.

They really have no idea it's the programmer's market.