It is easier moving down 😉 but there is much more friction when they have to increase it upwards.

I would assume so, companies always find interesting ways for cost-cutting, and moving everyone remote probably seems very lucrative to a lot of companies... Hell, even TCS is doing it with their dirt-cheap employees

Haha shouldn't be surprised if companies start shifting their bases to Asia

Well, a lot of startups do this... Go the cheaper countries to bootstrap the businesses