The future described by these AI labs isn’t like previous waves of technological progress. With those, technology displaced some/many occupations, but it left open the door to other, higher-valued career paths. What these labs are proposing to do is to dissolve virtually every path to upward mobility that exists, simultaneously. Even AI research itself would seemingly require nothing but a checkbook.

Mind you, I think it’s a load of hot garbage. I don’t see the evidence that LLMs are en route to the future these labs keep promising. But it is a dark and ugly future that they claim to be racing toward, for reasons.