[the_duke]

There are multiple sibling comments dismissing this argument because it could have happened already, but consider this:

Few companies were very accepting and open about remote work or had the structure to support it with any kind of scale (hiring, HR, legal, team structure, meetings vs async communication, ...)

If companies adapt their processes and workflows to include remote workers as first class employees, it suddenly becomes a lot easier to seamlessly integrate team members not only across the country, but across the globe.

This avoids the usual cost of outsourcing (communication and coordination overhead, lack of integration, etc), while still opening up a large, much cheaper labor pool.

This doesn't have to be primarily negative, but it very much has the potential to put a lot of downward pressure on salaries and should be considered.