I remember working for a small agency in London with a bit of a top-heavy management structure. Many times would my shoulder be subtly gazed over to "check on progress". I ended up using IRSSI to chat with friends, wgets to read my fav blogs, and my twitter stream pouring into what looked like an excel spreadsheet UI . I always got my work done in the first couple hours of the day. I will always resent those managers…
I can't help but think that there must be some arbitrage opportunity there: massive companies hire top notch engineers and all make them waste their time in (commute to/from) offices. What if someone comes along and is like "I'm going to provide the exact same service, but without offices and everybody works from home". That company would have a competitive edge, because: people from the established company would hav…
I don't think the labor market is efficient to such a degree that we can draw this conclusion. Lots of startups are doing this, but it takes time, capital and luck to achieve the success of the big corporate competitors, which have a huge amount of middle management who hate WFH.