Leverage has not, in fact, shifted back. Every single person I've interviewed in the past two months for roles at my company has declared that they were forced

Leverage has not, in fact, shifted back. Every single person I've interviewed in the past two months for roles at my company has declared that they were forced to go back to the office by their employer and do not want to commute anymore. Companies are experiencing brain drain and their executives are too stupid to recognize that a permanent shift has occurred. You don't get to (a) keep wages low for existing employees in a market where wages have been increasing by 10% a year for years and (b) make demands of them that they almost universally disapprove of.