Which leads to another issue which isn't brought up enough.

What is going to happen to all the remote high paid workers when it becomes the common trend to scale pay to the area?

Currently...you need to make 3x the average pay to be eligible for a house. Anyone who loses their job that has moved to the area is going to find that there is little to no high paying jobs for quite some distance.

It has already happened to more than one person I know locally. Not saying they will have any issue selling their house.