No, that doesn't really follow. Just because something happened doesn't mean it's optimal. There are many examples in game theory, like the prisoner's dilemma, that showcase this effect. As others have explained in this thread, even a minority of the team choosing to be remote requires others to work in a remote fashion.

You can address this with some level of coordination, hence why making this a team or org decision is win-win for everyone IMO. You will never have to take a job that doesn't align with what you want, nor will most anybody else. Seems like a great outcome to me.

Ultimately, the market will come to a conclusion at some point, and perhaps that will show what the comparative value of in-office vs remote is :)