Either the business grows, or the market participants shed human headcount to find the optimal profit margin. Isn’t that the great unknown: what professions are going to see headcount reduction because demand can’t grow that fast (like we’ve seen in agriculture), and which will actually see headcount stay the same or even expand, because the market has enough demand to keep up with the productivity gains of AI? Increasingly I think software writ large is the latter, but individual segments in software probably are the former.