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The obvious effect this would have would be to make it so that employers stop hiring anyone living X distance away from the office, which I don't actually think would be a good thing.
My initial reaction is the same, but I could also see it having the positive effect of making companies lobby for better mixed zoning.
On the other hand, you know good and well who’s going to “invest” in the property around their buildings. Then it’s just company towns with extra steps..
Doubtful. If they live in an urban area, that means they need to up their compensation to compete with local talent in the city (because housing is more expensive). Whereas an employee in a suburb commuting might take a smaller pay. The extra few thousand dollars of stipend wouldn't cancel this dynamic out.
In that scenario, the pay kind of shakes out to be the same between the worker living closer in the city and the suburban commuter, if the pay is going to be lower for the suburban commuter to have them remain competitive.
So are they even really getting paid for their commute time, in that case? It seems like extra steps to arrive at the same end result.