square feet in round holes
You can see why few people actually *want* to return to a company office. And why most companies don't want them to, either.
In London, office space is piggin' expensive. The basic rent in the centre satrts at about £50 per square foot per year and can be double that in an area that is actually pleasant to work in. Add business rates and service charges and the price goes up to £80, at least.
Just a basic desk + chair and cat-swinging space is said to be 95 sq.ft. ('pollies for the old-fashioned units) so it costs at least £8k for each desk.
I doubt that anyone is so naive to think that saving would be passed on to employees as a pay rise. However, it might just stave off the time when administrative staff become so expensive that it is cheaper to replace them with an automated system.