This rings true. There's a low economic value for performing activities when it doesn't matter if the output is true or accurate.
Unverified LLMs can generated unlimited output that cannot be trusted; this is output that can approximate truth at times.
I suppose the long term question is whether the approximation is sufficient for value-generating purposes. It clearly is sufficient in cases where it outperforms the status quo (example: summarizing customer feedback).
In my realistic moments I think that we will rewrite medical law, banking law, and privacy law and so on to accomodate the shitty AI children of billionaires. Misdiagnosed by "AI"? Too bad. Lose a job because of AI? Too bad. Sentenced to death by an AI-powered criminal investigation? Too bad.