If a very new startup of 5-10 people can't buck an extra (being very pessimistic) $40k a year in employee expenses in a state that already has high CoL and labor that regularly expects 200k salaries: No, I guess not. That can be something to negotiate at offer time, or to consider relocating the startup for.

>That ultimately hurts wages and offsets any cost savings from employers paying for your home internet

overtime, maybe. It's a win-win for those already employed and not a signifigant damper of salary for those employed in the future. But it's not like salaries will be droppinig 20-30k from this decision alone.

That would be a lot of marginal startups such as lifestyle business running on <5% profit margins, and it's hard to see how making them fold could ever be a good thing.

Plus all the previously slightly-better-than-marginal startups will now descend to being merely marginal.