[quote=deadzone]If all jobs could be done remotely, then clearly wages would go way down in the long run.[/quote]
I don’t see any reason to believe this. If all jobs could be done remotely wages would go down in some areas and up in others. Not sure why you would think wages would go down simply because they could be done remotely.
Also, if all jobs could be done remotely, in the long run the cost of living in different areas would probably equalize much more than currently. Some areas that would be more desirable due to weather, or beauty of surroundings might be more expensive. But there would be no benefit to living bunched together in high tech areas like Silicon Valley. And currently the thing that makes most places expensive is being near high paying jobs.
