This is exactly right. Here in Australia, the borders have been closed for two years, and surprise surprise, we now have some of the lowest unemployment figures in the country's history. And for the first time in a generation, wages are starting to increase.

For knowledge workers who want to work from home, the end result will be competing on a global market against workers from developing countries who can afford to do the same work for less. We already see this on various freelancing platforms where it's only a viable side gig for those in places with a low cost of living.

At the end of the day, workers need some kind of protection against these movements, by putting local workers first and managing immigration to protect the middle and working classes. The problem is that we have a political class who have gotten rich on the back of removing such protections, because they're also business owners and property investors.