Earlier quoted context omitted.
This argument is an appeal to authority that I just can't buy. You don't have to be a stupid person to succumb to your own biases, you just have to be human, and plenty of executives make irrational decisions based on their subjective feelings.
FWIW, I read GP's comment as more an elaboration of incentive structures rather than an appeal to authority. You're still right that plenty of people make irrational decisions under whatever incentive structure they're in, but I think that the steelman version of GP's argument would probably go something like: If we see a large % of companies going full-RTO, then maybe there's something to be said for the bet that RT…
If there is a very strong impact on competitiveness, maybe we will notice in about a decade, if companies don't collude in stopping it.