Think of it this way....
Not only are people generally more productive, they have more personal time too without the travelling. I suspect most will be more relaxed and work more flexibly too. You have the added bonus, that it removes most office politics and bickering. In fact if a worker can't see what their colleagues are doing, they won't worry about it. So Bloggs in the corner spending his/her day on Facebook, becomes a non-issue and will be picked up by the auto-monitoring system (lack of output).
The bosses will be less than enthusiastic, as clearly there's an opportunity for the top brass to cut a layer or two. If it is proven constant supervision is not required, why do you need those people?
Furthermore, production output could be monitored automatically in most cases and human intervention and checking only required when someone appears to be doing less than they should be. It may be there's a good reason, or perhaps the individual needs some training or help. Either way, that would be the time to take a look and sort the "problem" out. Constant monitoring by humans in this day and age is futile and a complete waste of money and resources.
I've been saying for several years, the daily commute for white collar workers is a pointless frustration and definitely in this day and age, in many cases, unnecessary. We now have automated systems along with (relatively) high speed Internet connections that make the whole traditional concept of work, questionable.
