Even if it were reasonable, most employment contracts don’t support a floating wage. You get a salary and the compensation is tied to a currency. To do it any other way would be impractical unless we overhauled the global economic systems. An equivalent of a global EU or something.

As for “software employees can work from home” that’s just not true. A lot can a lot of the time, but security-sensitive material is almost impossible to control remotely. And having people in the same space does increase collaboration and cross-pollination of skills and ideas. Despite the narrative, companies aren’t pushing for return to the office just to stroke the egos of middle managers.