One counterpoint is that the "labor as TAM" argument is far larger than it needs to be. Only a fraction of it needs to be captured to justify all the capex and make 5 new companies displace FAANG, and this does not have to translate to unemployment to succeed.
The difference in the unemployment vs efficient employment model is mostly user driven adoption vs company mandated adoption, or centaurs vs reverse centaurs.
https://jodavaho.io/posts/ai-jobpocolypse.html
The difference in the unemployment vs efficient employment model is mostly user driven adoption vs company mandated adoption, or centaurs vs reverse centaurs.
https://pluralistic.net/2026/07/02/canonization/#operate-ite...