No, this logic is not really well thought out. This would only be the case if every employer was somehow part of an OPEC like organization and would all simult

No, this logic is not really well thought out. This would only be the case if every employer was somehow part of an OPEC like organization and would all simultaneously require commuting. What will end up happening is some of the best and brightest will make "remote work" a required perquisite for the next job search, and since they've got the technical chops, if a company can't meet that demand the employee can easily find work somewhere else that will offer remote as a benefit.