Some bosses are tying bonuses to getting people back into the office. But with "work from home" the most searched-for term on job websites, the push-and-pull is a source of contention.
Sunk cost comes into play because we’re locked into a lease agreement for a predefined period of time, and we bought a bunch of shit to make the office work for us.
But the giants are the ones who set the culture for everybody else.
Also, a company might still have holdings/shares/whatever in funds that have invested in commercial real estate.
Also also, if too many companies lease, then why would sunk-cost fallacy act as an explanation?
Sunk cost comes into play because we’re locked into a lease agreement for a predefined period of time, and we bought a bunch of shit to make the office work for us.