I see the point that someone views this as a direct (almost arbitrary) loss for the worker. Why should they simply get less for working from home? But realistic

I see the point that someone views this as a direct (almost arbitrary) loss for the worker. Why should they simply get less for working from home? But realistically speaking, let's assume 261 working days in a year, which comes out to 522 hours of commute. That's 522 hours of unpaid travel, every year. That's 65 8-hour working days. How much is your time worth? For me, it's far more than the 10% pay cut. And I haven't even included the direct cost of travel (gas, wear and tear on vehicle, etc.), just hours lost.