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However, a lot of folks would love to work at a California based company, be paid California based wages, and then live in an Arkansas cost of living. You have a super valid point for your own standard of living, but there are plenty of workers willing to make that trade for the financial security.
Suddenly a percentage of the Arkansas population actually has a decent amount of income, you start getting some purchases and tax income in the area, now the ass end of Podunk, AK actually has a little bit of cash money to invest in their area. Rinse and repeat in a hundred thousand little drive-by towns across rural America. As long as it has internet connection someone can make a good living there, and that's a huge difference to what we've traditionally seen in those towns - that being, everyone is broke as shit, so there's no real upward mobility for anyone because there's no new money coming in. This is a huge step forward towards addressing that.
I mean, you're probably not wrong. Getting more money in the hands of poor people would likely be good for everyone.
But i would rather have people live in denser, more walkable, more human spaces. We don't really need to have our living spaces where the nearest grocery is 5 miles away.
Why would we want to keep the sprawl and low density as a first class option? We don't need to keep people living in Podunk, AR just because that's where they are. It's expensive for society. We should be discouraging low density.