It really isn't. It just stops unscrupulous employers from abusing their employees. There are already plenty of tech companies that went full remote, and clearly they don't interpret that as a competitive disadvantage. The lockdowns also showed productivity increases and improvements in the quality of life and work/life balance. Therefore, returning to the office has absolutely nothing to do with productivity or company culture or dedication. At best, it's just lazy thinking enforced by strong-arming employees into positions that is overwhelmingly against their personal interests and quality of life.