GN did a documentary on the situation from the perspective of consumer-facing companies. Seems pretty dire for them, and it's hard to see the long-range consequences, but the idea of consumers being priced out isn't too far out, which to me is a little alarming.
The knee jerk gamer reaction that everything will be pushed to cloud gaming I think is unrealistic, but I wouldn’t be surprised to see higher end workstations or gaming PCs move to a leasing model or something like carrier subsidized smartphones, where you lock into a contract with an upgrade cycle
Who needs an economy built on consumer spending when a handful of massive tech companies can just keep passing around the same trillion dollar check like a hot potato?
Consumer oriented parts businesses are going to go out of business from this. Motherboards, cases, coolers, power supplies, fans, etc. At this point it's a matter of how many. Selection and competition will be permanently reduced, as I don't see these types of companies coming back any time soon.