If you live in San Francisco or London, probably, but there are lots of places where the cost of living is lower.
The tech company I work for was all SF based for it's engineering. Now they're open to hiring from anywhere.
They haven't entirely committed to hybrid/remote. They have however expanded beyond the Bay Area based on their experiences during covid. And that's meant new offices in the Philippines and Mexico City.
Plus there are other barriers. WFH can be every day except a monthly lunch or social event with the team. Or it's WFH save for on-prem things like hardware upgrades. WFH doesn't have to mean fully remote... just not an office environment.
There's a lot of factors slowing down the outsourcing of CS jobs. The most talented pretty much always immigrate to the US because of higher wages and higher standards of living. Security concerns mean a lot can't be outsourced at all. Language & cultural differences give the US & western countries a huge hold on CS education. Etc. Plus a lot of jobs could be WFH 99% of the time but the last 1% is very important.
Even in the most extreme push of WFH or remote work, outsourcing would just be jobs moving from high COL areas like SF to lower COL areas of the US. Same culture/language, minimal timezone differences, etc. The pendulum is still very far on the side of favoring in-office work giving a few select areas a huge advantage & driving COL in those areas. The US is a huge country; even a 2x increase in WFH jobs wouldn't exhaust the number of low COL areas in the US.
After reading what I just wrote I fully realize this is one of those things that is impossible to predict and pointless to worry about. It can happen tomorrow, in 10 years or maybe never.
Has been quite like this since early 2000s.