STEWART BUTTERFIELD: Well, that hasn't shown up in any kind of material way. But I don't know that we expect it to. And look, no one would choose to relive the last year. But I think many people found aspects of this crazy situation that they want to retain, the ability to lose the commute, spend more time with family, have the flexibility to retain their job and live where they want to live.
And ultimately, I think, just like compensation, the kind of working arrangements that employers offer are driven by the market. No one can stand alone and say, we expect or demand our employees to show up in the office 9:00 to 5:00 five days a week if there are alternatives where people can go to work for similar levels of compensation, similar kinds of jobs and have that flexibility.
But there's a broader question. It's not about remote work. It's not about distributed work. I think it's really a shift from physical-first to digital-first. And we have relied on, for the last 150 years, since the birth of the modern corporation, a lot of tactics and techniques that are dependent on the physical presence of people and being in the same room. And while I think that is a hugely important aspect of working together and will be retained, people are going to start paying a lot more attention to their digital infrastructure in the same way that they do to their real estate leases, their offices, the construction, the kind of sunk capital that goes into that because people are going to keep using more and more digital tools to collaborate and to be productive.
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