I don't know about other industries/professions, but... for developers? Not gonna happen. The demand for our skill is incredibly high, we're in a power position

I don't know about other industries/professions, but... for developers? Not gonna happen. The demand for our skill is incredibly high, we're in a power position and as long as it is that way, pandemic or not, we can choose. And I know many people that, as me, would rather take a pay cut than go back to an office every day. Salaries might at some point stabilize I suppose, as people will prefer to relocate to cheap places and overall there will be more offer of developers charging less money. Overall I think this is a win-win for everyone (except middle managers that like micromanagement, those are the ones worried right now).