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From the perspective of companies investing in AI, the idea is to spend less but generate the same (or higher) profit. For example, let's say you sell software, but a big part of your cost is coding & developing it. The pitch is that you can code it with AI agents at a fraction of the cost, and increase your profits accordingly.
So companies don't see this as an economic net-negative. But to your point, I'm not sure if those same companies are considering that if no one's paying people to create products, there will be no one with money to buy them.