I'm not sure I would even agree with this. I have a better monitor setup at home, a quieter place to work and think, and I'm spending less of my day in pointless conversations for the sake of politeness.
My employer simply gets more out of me when I work from home AND turnover is reduced.
I think the pros outweigh the cons for employers, even if they don't care at all about their employees and even if we weren't in a tight labor market