KEY, The mistake is many people in the latter group think they are in the former.
Now I've not shown up onsite to ANYONE in 3+ months (we went remote early before shutdown). And it's not clear to me that value has diminished, though I need to up my zoom game a bit.
So some people may be discovering they thought they were geo tied / competitive but may be more broadly valuable or able to serve into that market remotely more easily than they thought?
It's not yet clear if the same level of trust can be built by a purely remote worker with no pre-existing rapport or reputation.