[jodrellblank]

I feel like you're being intentionally obtuse and pointing at the obvious case so you don't have to address the point. Yes yes, Billy Bob CEO isn't going to replace himself with someone else, but a company big enough to employ offshore workers and deal with international taxes and employment regulations is big enough to have more than one department and more than one office which could be offshored wholesale. And the financier quoted above, if they can get the same development from an offshore company for less, is going to finance the offshore company instead of Billy Bob.

That is, the implicit threat "if you don't RTO, we will offshore you" comes with the counter "if you do RTO, we won't offshore you" - except if offshore was actually tempting, they could and would offshore your entire office even after you RTO to it, and "the market" would/will offshore the whole company.

To the extent that doesn't happen, "you working from home is indistinguishable to an Indian working from India" isn't true. Timezone, language, culture,

"RTO because we need the extra productivity of everyone in the office - but if you don't, we'll accept the reduced productivity, just with other cheaper people" is also nonsense - then why not offer the WFH American less money to stay WFH? No? Because it's a punishment and not a real business decision.