There will be some interesting equilibrium. If people hire and pay remote workers exactly the same, they are saying that, for their particular type of work, there is absolutely no value of seeing people in person.
I can imagine this being true in programming, but not being true for R&D where equipment and experiments with materials and prototypes are done.
I can imagine this being true in programming, but not being true for R&D where equipment and experiments with materials and prototypes are done.