RTO is about control and optics, not cost optimisation. It’s management preference, real estate sunk costs, and the illusion of productivity through visibility. Actual delivery of work is the only thing that matters in tech - and remote delivery has already proven itself at scale.
The idea that “physical location is your greatest asset” is backwards. If that were true, San Francisco developers wouldn’t already be competing with contractors in Bangalore and Bucharest. They are - yet the jobs remain, because employers value capability, not postcode.
In short: RTO doesn’t protect American tech workers from global competition. It just wastes time in traffic and props up bad management.