I mean, they have been doing that for at least a year, and I haven't seen signs of US economy tanking?... You need to find some better arguments
I suspect, but don't know, some fields of inquiry will be fruitful when it comes to "good enough" small models. Especially when it comes to constrained tasks like software development. Software development models don't have to generalize to anything a chatbot can be asked or tasked with, the space it's required to generalize on is pretty small compared to literally the whole world.
If I was a betting man, I'd put my money where my mouth is, but I'm not. I am betting with my time and focus that smaller local models are worth it, and will be worth it, though.