I don't understand why more companies don't do remote work as a strategic hiring advantage. I will leave my current job to work for you if I can work remote, an

I don't understand why more companies don't do remote work as a strategic hiring advantage. I will leave my current job to work for you if I can work remote, and you can pay me less than the going rate in your office's expensive metro area. Why are more companies not picking up on this, unless it's totally irrational on their part?