It's very unclear to me.
The key question is on direction of LLMs. Right now, LLMs are taking over human jobs. If the cost of silicon+power < cost of human being doing the same work, what rational reason is there to employ a human being?
If this applies to SWEs, lawyers, business analysts, many research scientists, .... this situation could persist for a long, long time. While capital costs less than the inputs of labor (nominal food, housing, etc.), there is no need for labor.
The key question is about continued progress in models, and of the tooling around them:
- Plateau: Old silicon obsoletes in due course
- Rise quickly: Old silicon maintains value for a long time
> what rational reason is there to employ a human being?
To maintain a functioning society and social contract?
Is wanting low unemployment in our society not rational?
What I don't understand is if nobody has jobs, who's paying the machines to do anything?
So okay cool you don't need people to design and build cars. Who's going to buy the cars and where exactly are they finding money?
But see also the "radiologists driving to work" meme for why I think tech in general is currently getting high off their own farts.