More remote work is much more likely to cause a diaspora of workers from large cities, causing downward pressure on salaries in major metros but lifting salaries elsewhere. Unless demand for software engineers stalls -- which seems awfully unlikely for the foreseeable future -- it seems more likely that the median salary for American engineers will increase.
This is a warning as much as a boon. When re-allocating funding more equitably, be sure to not let the process stop there and call it success. Monitor and respond to outcomes like boosting funding to equip all schools with the right set of arts and opportunities for their students even if 1 school in town is artsy and the other technical but students can go to either. Be prepared (and have a community that is up) for raising taxes to cover these costs. Recognize that well educated and employed kids today will be paying your medicare and social security (if you or those programs make it far enough). When these kids are growing the stocks your retirement is invested into you'll want them to have had the opportunities your tax dollars can provide.
I like paying for schools because I don't like living in a national of stupid people and the more smart people out there able to leverage their talent and abilities via remote or on site work the better we will all be. Maybe that means the FAANG employee living in Iowa needs to make 95% of their downtown Seattle counterpart, maybe not. There is a balance to be found to increase opportunity without depressing existing and future talent too.
I see shades of this in a lot of discourse - is it an alien idea to be for progress even if it means potentially more strife on your part?
Further, I'd say, not necessarily. People think that working from home is this grand new frontier, but cultures and subcultures have existed on the web for ages. It isn't going to be a wide open playing field. You're still going to have networks and self-selection into subgroups.
And finally, there's still a ton of money to be made by the few who are actually good at this. I hope everyone here is or has worked with someone of this type - where something they ship quickly actually leaves you speechless.
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As to the rest of this article, it really doesn't resonate. A lot of the problems listed are problems even in the office. The long and short of it is that the world is changing, and so while we can cherry-pick examples of how companies are failing to adapt, rest assured there are organizations out there that are adapting.
I'd say - keep an open mind, and find ways to get what you need - the most important mental shift you can make right now is to be your own advocate, and be proactive.