I agree.

We already saw this with COVID. If you can lay off the useless eaters for awhile, the market skyrockets. This is especially true for the type of paper pusher jobs AI is looking to replace.

There is no reduction in actual commotities being produced, since these people produce nothing of tangible value except billable hours. They are also generally upper middle class, so even if they start collecting gibs, it won't be anywhere near the amount they were getting while working. Might cause a bit of a mortgage bubble but whatever. Biden will bail them out. I'd say the biggest sector that will suffer is consumer grade "luxury goods" like fashion. Cars are already fucked so who cares?