It will force corporations to pay their workers more because there's finally another option for workers to make more.
This will have the biggest impact in developing countries, where workers can work on any decentralized project without needing to arrange Visa sponsorship to a developed country.
Since decentralized development work can be done from anywhere (by anyone with enough skill), it will be outpace other options in developing countries long before it will challenge the status quo in developed countries (although realistically that will challenge the status quo early because most companies above a certain size have both 'onshore' and 'offshore' development teams).
Corporations that perceive particular value in having on-site workforce (like the googleplex) will continue to pay a premium for bringing their workers on-site, and it will take longer before the rewards available for decentralized development are sufficient to challenge them.
There will of course be exceptions to this... on DAO's like Hive, proposals are much more likely to be approved for whales than for non-whale developers in developing countries, even when those whales are asking for U.S. equivalent payment levels. In effect, part of their DAO-paid value capture is an unseen reward on their stake, not just payment for the work they're doing.
While it may be possible for non-whale developers to get onto those teams, their work is much more likely to be paid through traditional contract-arrangements, not paid directly through the DAO.
I think we can already see it impacting undeveloped countries. Not in the big ways to come... like national news level crumbling of governments and powerstructures big, but it's there. I recently heard (but didn't confirm) Hive already out values every South America country's currency. There are people in Venezuela who could double their quality of life (probably several times over) just by playing Splinterlands at a top tier level.
Lately I see people posting about how they earned enough Leo to buy enough food to last a week and I see posts of people clawing their way out of poverty by staking and re-staking returns.
I, personally, ended last year with about $3k in digital assets. At present I'm sitting around $10k and probably surpassed $12k at the height of this last bull run.
In the last two years I've moved from likely to die broke and destitute to looking forward to an early retirement so I can really get to work building my own personsl empire designed to educate and advance the world.
Where else would one hear something like this?
EDIT to add: ...And I’m not just talking about the financial freedom. I’ve also been hugely impacted by the people here. Every day i hang out here I learn something new and amazing. Taskmaster4450 alone has posted several videos or posts that have not only changed the way I thought about something in particular, but changed the way I see things in general, and he’s not the only one. I’ve grown more here in the past years than I did in the two decades that led me here. Hive doesn’t just offer financial freedom. It offers the tools to carve your own path to personal sovereignty and in time it’ll be the tool the meek use to inherit the earth. There’s just no going back, now. The seeds of the future have been planted in the present. 😁