Compensated at the expense of whom though?
The taxpayers? Sure, there's an argument for reparations and pumping money into forcing systemic change.
College students competing for a limited number of slots to schools? I'm less convinced of this, it's a zero-sum game where if you're admitting one person you're denying others from that slot.
IMO there's probably better ways you could incentivize colleges to aim for a diverse student body that would be more equitable. The goal should equality of opportunity, not equality of outcomes.
I'm 100% remote and intend to stay that way, but there's definitely a subset of workers for whom in-office is better - either because they don't have the space at home for a dedicated office, they work better in an office environment, they have small kids at home who would interrupt work, and so on.
The problem is really that companies don't seem to want to give people a choice to do what works best for them, their position, or their team. Where it's possible to WFH that should be the default offering.