I don't agree with the premise of your argument. I think you currently get a very nice luxury benefit, and stoping that isn't "penalizing" you.
I think it is a little silly that companies pay someone more just because they like living in a city. I admit that I have a strong preference for rural areas, but I don't expect an employer to pay me more (or less) because of that. I am constantly surprised that more companies don't setup in lower COL areas, but I guess that much of the in-person talent desires that enough to make it work.
Most people agree that it is good to treat people equally regardless of their background, and this policy seems to promote that.
I think it is a little silly that companies pay someone more just because they like living in a city. I admit that I have a strong preference for rural areas, but I don't expect an employer to pay me more (or less) because of that. I am constantly surprised that more companies don't setup in lower COL areas, but I guess that much of the in-person talent desires that enough to make it work.
Most people agree that it is good to treat people equally regardless of their background, and this policy seems to promote that.