alt Hacker NewsNote "converging to zero" doesn't really mean zero because economics includes opportunity costs. It just means that outsized gains don't exist over the longer term without some kind of market power. In the long run, most industries end up making the same returns.
I've found that this does not match reality. People have strong beliefs in value of specific things, even when that value is not economically there. The value of software is indeed zero, which seems to make people value hiring software engineers greatly over paying for software, and, tbh, that makes approximately zero sense in a lot of cases. The value of medical care is high, even when it's not (meaning there is plenty of medical and "medical" products that don't have real value). The value of houses is high and absolutely certain. Thinks like certain brands (even when the company behind them has disappeared), most obviously of watches.
This tends towards the economic reality but it certainly does not match it.