If only one company goes remote, then the collective power of employees certainly goes down (« divide and conquer «) But if the entire /job market/ goes remote

If only one company goes remote, then the collective power of employees certainly goes down (« divide and conquer «) But if the entire /job market/ goes remote and access to the net is a public commodity, then you can apply for all jobs /anywhere/. Employees bargaining power increases significantly. Furthermore, any employee can start his/her competing business in an instant. As a side effect, wages can go down but if you don’t work in the bay area you can come out /better off/. So it’s not clear if the downside is going to be related to worker’s rights. I am personally more worried on the societal / mental issues with WFH.