“people can also work from home in Bangladesh as well...for a fraction of the price”
Long term that may well be the reality—but showing up for work in a cubicle farm because your boss is too stupid to manage remote work is not going to change it.
By the way, one thing I haven’t mentioned....HR departments and all the hardcore leftist Lesbian Dance or East African Mating Rituals majors working there are going to get slaughtered if working remotely becomes the norm.
Think of all the racial discrimination and sexual harassment claims that could not be made even remotely credibly if your coworkers were scattered all over the country. Think of all the useless policy papers and other worthless trash that would be completely unnecessary.
Yes, some jobs will go overseas but there are a lot of jobs that cannot be outsourced to India. I’ve seen companies having to reshore a lot of jobs they thought they could outsource. There’s a reason companies are bring in hordes of H1b Indians. They need the jobs to be done here.