I think it's a mistake to assume that quality doesn't plummet when cost does, even if the AI is capable of quality work. The quality issue will always resurface.
But yeah — I mean, I am a freelancer who burned out for reasons that are rather more influenced by the SaaS wave. That was hard to compete with. People choose between the solution that meets their needs and changing their processes to meet the ten-times-cheaper solution that doesn't, and that decision is often not at all irrational; by and large you want as many of your problems to be shared problems as possible.
I am trying to return to work so I am looking at what AI can really do for me, but the conclusion I draw is that since I cannot simply burn token money to solve people's problems, and because bugs cost me money, I need a strategy where I remain in full control of actual code, but LLMs help me do things faster. If I can't solve that, I am out.
Perhaps AI will upend the SaaS market before it fucks the freelancer market and the balance may temporarily shift. But it probably won't.
And at that point, as a fiftysomething, even with a bit of financial security, I start thinking about living a rather shorter, happier life, instead of a longer one. Because as much as I might have ideas, I don't think there is much I can switch to where I have appropriately deep skills to survive AI there, and all those alternative jobs will be oversubscribed and less likely to hire me.
I wonder if people in this industry have understood what we are doing to ourselves, to our friends.