My dad spent 10-15 years working from home. Since he didn't have to commute to an office (an hour each way), he saved a lot of time. He was able to do everything his job required from home, so this was a win-win arrangement for him and the company that employed him.
My whole life I've felt like my dad was always around when I needed him. I could pop into his home office and talk to him whenever I wanted. That kind of arrangement is a huge benefit for families, and yet it seems to be overlooked by many employers. My dad was also able to do what he loved more often because he didn't have to commute two hours of his day away. He spent many years as a youth football and basketball coach in the time that he would have spent commuting.
The work/life balance that he was able to experience for a long time was turned upside down when his employer revoked all work-from-home privileges. And in the end, his company lost a long-time loyal employee.