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> Put another way, if I'm worth $Y to you sitting in an office, and I can accomplish the same work at home, from anywhere, just as effectively, why should I get paid any less?

There is something called Win-Win situation. Now you may call it management mumbo-jumbo. But what I see happening is if I save, say 15 hours of weekly commute and getting ready for work etc, I would be willing to take a cut that would seem reasonable based on my money/leisure need. If I keep looking at company's benefit and not mine (or maybe I have none) then of course pay cut seems insulting.



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