I'm very interested in this question from an academic perspective -- where will the remote vs. local market clear, if more companies start doing this. Scenario

I'm very interested in this question from an academic perspective -- where will the remote vs. local market clear, if more companies start doing this. Scenario A: More companies pay equally remote vs. local Scenario B: cost-of-living adjustments mean companies pay the local prevailing wage of where the employee is located. My prediction is that we'll get about 80% scenario A and 20% scenario B. Remotes might take a hit but it won't be large, and that's based on elasticity of demand -- I suspect companies have a less elastic demand for talent overall, vs. employee willingness to move.