Google and Facebook announced that they will not have any offices until 2021.
All that the employees need to work upon is internet. In this way, they will save 1 million dollars as rent every month and employees will save 2000 dollars rent every month for apartment for being closer to office.
Also, they will pick up TALENT from across the world from any countries because of remote working.
Salary scales will drop and people will stop migrating to bigger cities for jobs and higher salary demand. Also people will leave bigger cities and move to lesser known scenic and beautiful places and beaches since working is remote.
It further says that gradually covid will go away but the disease will remain for many many years and there will be no need to issue visa and follow immigration procedure due to remote working.
This effect will certainly fall in India wherever US enterprises are working