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> Maybe the idea is all us displaced software folks end up in the fields picking fruit?

Apparently, that's exactly the main idea here. Them and other expendable office workers.

It’s also interesting because the whole SV model assumes demand which goes way down if a genuine AI enters the market and starts cutting into middle class jobs. There aren’t many ads targeting low-wage workers, not nearly enough to support the tech sector.

They either lack that foresight and are completely oblivious of that limitation (the Dunning-Kruger effect), or they're lying shamelessly to manipulate the market in the hopes cashing out in the end, sort of like a pump-and-dump scheme or a pyramid scheme. Based on many of their track records I wouldn't be too surprised if both effects are at play, reinforcing each other.

There is a reason why you are seeing a ton of humanoid robots in development. They just don't have the software to make them viable yet.