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Let's play it out in the case of software engineers.

100 SWEs all running Claude Code. Okay, company is 10x more productive than before.

Now, company cuts 90% of SWEs because AI makes 10 engineers as productive as 100 engineers.

Yay, company saves 90% of engineering costs.

But now, 10 engineers run Claude Code. And now Claude revenue drops by 10x multiple?

So if AI gets good, it will reduce the very engineering headcount that AI companies depend on, right?