While job losses are a concern, I think the more significant impact will be on the way companies operate. As firms exist to economize on the cost of coordinating economic activity, the streamlining and reduction of coordination needs brought about by LLMs will challenge the very foundations of many businesses. In this new landscape, individuals and small teams might outcompete larger organizations.
Freelancers and solo entrepreneurs could find themselves better positioned to compete in the market, driving the rise of smaller, agile businesses that can innovate rapidly and cater to niche markets. This shift will also change the skills needed for success in the field.
Overall, it's an exciting time to be part of this industry. Far from being a time to quit, it's an opportunity to adapt, grow, and harness the power of LLMs to reshape the world of work.