> To explain the benefits of labor market inclusion, consider that fully in-person jobs can be filled only by nearby employees. A human resources or information technology position in New York can, for example, be filled only by a local resident. Even if there are people in Bulgaria, Brazil, or Belize who would be a better fit, they cannot do the job if they are not there in person. But as soon as positions can be filled remotely, employers go from taking the best local employee to taking the best regional employee for hybrid and the best global employee for fully remote work.

Before professionals in HCOL cities celebrate this article, a primary argument of it refers to handing the job over to better qualified labor in a nonlocal talent pool; that is, outsourcing.