Removing demand doesn’t create more competition, the opposite in fact.
SV labor is largely not different than a skilled trade, except at the higher levels.
SV labor is largely not different than a skilled trade, except at the higher levels.
That's where the massive salaries come from, that massive wealth creation. It's not just taking larger chunks of a fixed size pie.
Sure some electrical capacity goes to non-productive uses, but much of it is also spent doing things like enabling widespread computer usage.
SV labor is downstream of skilled trades.