But if this change occurred then likely more businesses based in different regions would end up being able to compete (it living costs and wages stabilised more

But if this change occurred then likely more businesses based in different regions would end up being able to compete (it living costs and wages stabilised more across the nation over time) and you'd actually end up with more options of places to work including startups that might have an office in a place you specifically want to live rather than having to move to a giant hub city. It doesn't mean all tech jobs have to be 100% remote.