We'll go wherever it takes to get the talent.
Feel free to PM me if you're hiring. My wife just left her gig as an comp sci adjunct and is in the same space (ml engineer / algo design) looking for remote work (currently in a 3rd round 90min technical interview.... I'm hoping she makes enough I can do less work and spend more time in the hills ).
As someone (yes, a millenial) who frequently manages IT vendors -- I can save a great deal outsourcing development. But I often end up spending nearly as much in PMs and onshore resources to get things working, or working with data that cannot accessed from offshore for legal reasons.
While there will be a geographical reorganization of work for all this -- I think the idea that just because someone isn't in the office they're liable to be offshored is too reductive. This will apply to some jobs, but much of white collar work depends on workers who understand the local/state/national context of their work. My team is just one example -- while we all work remotely we'd be ineffective without being deeply embedded in our state. An office is just one place with productivity, creativity and local relationship building can happen -- it has upsides and downsides. I believe our working environments will gain in complexity and richness.
This will have impacts on all sorts of real estate decisions -- in ski towns, in downtowns, in neighborhoods. I for one was pretty good in an office environment in that I'm a generally affable white dude the office environment was made for. But I"m seeing a more diverse set of team members truly thrive now and enjoying my occasional in-person meetings at coffee shops, parks, co-working spaces, coworkers houses/yards, and the bar. Those meetings are important. My daily commute to work less so. FWIW, in my organization of ~5000 employees, 92% of managers reported stable or increasing productivity of their teams in the last 6 months.