It lets me have 3-4 columns of code on a standard laptop or 8 columns on a 4k monitor, which is a huge productivity win.
An 80+ character line is also a code smell for me; if a statement is so complex that it pushes past the 80 character mark and it can't be split into smaller chunks on their own lines, then I know for sure that something needs refactored (whether it be the statement itself or the nested control structures around it).