I also have Gbps internet and a job at a startup as a principal. This literally is the best of both worlds for me. I'm not particularly wealthy and not particularly clever - I'm sure everyone is doing this and the best part is, there's _room_ out here, at least in the USA.
I make more now in a remote position than when I commuted? I'm in California, not in a LCOL location.
Then these companies are going to have to get used to lower profit margins as time catches up and kicks them out with competitors.
How does that follow from anything? I am working remotely from the start of 2011 and never once took a pay cut compared to an on-site job, as far as I am aware at least.
Relative to what is an open question, because the jobs that require that also don't currently pay a lot.
Some companies are losing their more experienced employees when they force RTO. If they want to compete for this portion of the talent pool, they'll need to offer more than the other remote first companies.
In my experience, the employees that have to go into the office are generally the ones that get paid less than the ones who can work from home. I'm not really sure how you came to that conclusion.
I assume some many continue to exist but employees will also have to get used to large pay cuts if that's a hard requirement for them.
> As prices for city apartments increase dramatically, people lose interest in living in those cities. Better to live someplace pleasant and less expensive
No one wants to live there too many people live there......