This is true, but if you're not in a good market I think the OP is right that having access to better companies and jobs outweighs that. I work with a number o

This is true, but if you're not in a good market I think the OP is right that having access to better companies and jobs outweighs that. I work with a number of people who were hired, both remote and out of network, pre-COVID, onto a mostly co-located team. They have built trust and a strong network within the company, leading to promos and significantly increased comp, and through their excellent performance have built networks that will stay with them throughout their careers.