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I don't think it's an either/or type of situation. It's highly dependent on the realities and needs of the different organizations. VA's are more suited for some organizations for a variety of reasons, e.g less pay, less workload, etc.
While other organizations will gladly pay more for a dedicated admin assistant for another equally valid set of reasons.
So make sure to be certain of your preference and your value-add as well as researching the prospective organization very well before applying

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I've been doing freelance VA work since the pandemic. On the surface, it looks like companies pay MORE for VAs than someone who works in the office. After accounting for my health insurance and taxes though (no benefits as a contractor), my "salary" is probably less than an employee's. But yes, there is a demand for virtual assistants from what I can tell, and the pay isn't bad.

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