i feel similarly. suppose ai makes people more productive:

1. companies that are not doing well (slow growth, losing to competition etc) or are in a monopoly and are under pressure to save in the short term are going to use the added productivity to reduce their opex

2. companies that are doing well (growth, in competitive markets) will get even more work done and can't hire enough people

my hunch is block is not doing as well as they seem to be