I have been thinking. The reality is that in general employees are not paid for value/revenue/profit they generate. That sets the floor. But they are paid what market sets as rate for their demand. See people putting together high cost electronics. Clearly lot of value there with margins what they are, but not lot of pay.

Wouldn't AI largely be race to bottom? As such even if expensive employees get replaced, the cost of replacing them might not be that big. It might only barely cover the costs of interference for example. So might it be that profits will actually be lot lower than costs of employees that are being replaced?