At some point, "wages" don't make sense. We're not there yet, but LLMs have given us a taste of it.
Instead of worrying about bullshit metrics from times gone by, let's ask questions like "what happens to the happiness of plumbers and electricians when they realize that they too can relax and let the machines take care of the grunt work?"
200 million people aren't going to want to deal with excrement filled pipes, bug, rat, snake infested crawl spaces, understand all the dangers involed and all the other reasons that plumbers and electricians have such high pay scales.
Not 200 million but certainly plenty enough to impact the financial security of trade jobs. People DIY for fun. Now you’re saying it’s the best way to make a living? Well, sure - let’s give it a go. Who will train all these people? Recall we just put multiple industries out of business with a masterful reference and generation program
This is an excellent and overlooked point. Everyone is talking about intellectual jobs being at risk - what happens when these college graduates are forced to do manual labor instead?