This is really what it comes down to. If your business can't afford to employ people then people don't need to work for less, your business needs to cease operations.
This bizarre entitlement entrepreneurs seem to experience baffles me. I don't care if the cost of labor makes your business inoperable. Tough shit. The last year or so I've had to make a lot of adjustments to my life to account for everything getting more expensive, it happens. If your business is on such a razor's edge that you can't deal with new expenses then it sounds like your business is poorly operated.
I don't even understand how this isn't the norm. When I was hired on to my current job, they were prepared to send me home from my onboarding with everything I could need, including monitors and an expensable amount to equip an office. I didn't need really any of it because I was already setup for remote, but like, why wouldn't you be ready to do this? Asking workers to use their personal devices to do their jobs is some top tier horseshit, not only from ethics but from security perspectives too.