The question is what you mean when you say "better work". Are you able to unblock new grads more quickly at home? Are you able to achieve consensus on a new product direction more quickly at home? Or are you able to write code better at home, because you can keep the the new grads and product managers in your Slack backlog for as many hours as you need to maximize code throughput?

I don't want to put words in your mouth, but every time I've had this conversation in the past it's been that last option.