Not only that, but if you insist on being in an office you restrict your pool of potential employees. Not only can you only look in within 1-2 hours of the office, you are also only getting people who can't find WFH positions. So you have a smaller pool of worse talent.

And if you're in a big metro area you need to pay them a lot more just to live there, whereas a fully remote position can hire people who live in the middle of nowhere and pay them less for better work.